Just analyzing btc on the 4 hour, and 1m (usually not a good idea but I try to find what I can in territories uncharted) we have massive support at 28,000, I bought the dip at 28,000 and continued hodling the rest of my portfolio.
I see 248k USD by the end of the year MINIMUM, specifically also comparing USD’s insane inflation to BTC’s scarcity, it’s simple to understand USD is being printed as fast as light and BTC has a set supply in huge demand by institutions and whales.
For those that every time we see a dump in the current bull run, we’re on a 12-19 month run to bitcoin’s maturation into institutional support, 2017 we had whales but we didn’t have the MicroStrategies and Grayscales and PayPal’s of the world holding us up. I think for that reason and also being in ATH’s basically daily you cannot go by EMA’s and “BTC is way over extended” technically it is, but in reality it’s under valued. Read that again, under valued. Say I’m insane now, just remember I said it.
We have just started on the tracks of the train of bitcoin’s blast into institutional recognition, buckle your seat belts, and enjoy the ride.
I see 248k USD by the end of the year MINIMUM, specifically also comparing USD’s insane inflation to BTC’s scarcity, it’s simple to understand USD is being printed as fast as light and BTC has a set supply in huge demand by institutions and whales.
For those that every time we see a dump in the current bull run, we’re on a 12-19 month run to bitcoin’s maturation into institutional support, 2017 we had whales but we didn’t have the MicroStrategies and Grayscales and PayPal’s of the world holding us up. I think for that reason and also being in ATH’s basically daily you cannot go by EMA’s and “BTC is way over extended” technically it is, but in reality it’s under valued. Read that again, under valued. Say I’m insane now, just remember I said it.
We have just started on the tracks of the train of bitcoin’s blast into institutional recognition, buckle your seat belts, and enjoy the ride.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.