BTC The State Now
Updated
Here’s a quick market update with a timeline and trend analysis :
- As always, it’s as simple as checking the colors and trends in the graphic.
- We’re currently in a phase of solid consolidation.
- The bull run hasn’t started yet, but in time, BTC is expected to go parabolic, as it usually does.
- The current cycle is taking longer to play out.
- The differences between 2020 and 2024 corrections are clear. Back in 2020, BTC was still maturing, not widely accepted, and impacted by the Covid crisis.
- In 2023, BTC has gained more recognition with ETFs, attracted wealthy investors, and is evolving into a true store of value.
- For these reasons, TheKing may be retracing, but it’s doing so with power and resilience.
- Everyone wants a piece of the cake, which is why Bitcoin's price remains elevated.
Just HODL and you'll be rewarded in the long run.
Happy Tr4Ding
- As always, it’s as simple as checking the colors and trends in the graphic.
- We’re currently in a phase of solid consolidation.
- The bull run hasn’t started yet, but in time, BTC is expected to go parabolic, as it usually does.
- The current cycle is taking longer to play out.
- The differences between 2020 and 2024 corrections are clear. Back in 2020, BTC was still maturing, not widely accepted, and impacted by the Covid crisis.
- In 2023, BTC has gained more recognition with ETFs, attracted wealthy investors, and is evolving into a true store of value.
- For these reasons, TheKing may be retracing, but it’s doing so with power and resilience.
- Everyone wants a piece of the cake, which is why Bitcoin's price remains elevated.
Just HODL and you'll be rewarded in the long run.
Happy Tr4Ding
Comment
- First step to move higher, always aim for a Higher High (HH) rather than a Lower High (LH).
Trade active
- If you're uncertain about where we are in the market, it's time to reconsider your approach. - You should pause trading immediately.
- Flow with the market's currents and elevate your timeframes to a much higher level. The future isn't revealed through 15-minute, 4-hour, or even daily charts. Broader perspectives lead to deeper insights.
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