Short

BTC correction?

We have been in a piping hot bull market since October 2020. Insititutions and enterprises have been buying bitcoin like hotcakes. I can't predict the future but this elliot wave setup is something we should be prepared for. I still believe bitcoin will go to 100k, there hasn't been a period in four years where you held bitcoin and lost money since bitcoins inception. However, there's a lot of people at a profit right now and Arthur Hayes has returned from a hiatus. Is it a coincidence that the price of bitcoin skyrocketed while the king of liquidations was gone? I don't think so. RSI shows a bearish divergence and we can observe a MACD double top. Be prepared for some potential buying opportunities. Gravity is a law of the universe.

JohnReal

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