Bitcoin has struggled to have a solid breakout past it's April 2021 ATH.
Lack of momentum has been evident however this does not point to end of cycle.
It rather seems
BTCUSD needs several weeks of sideways price action with few downside wicks to shake off derivative investors and pick up steam to finally have a solid breakout past $70k.
Weak monetary policy, global inflation andBTCUSD adoption by big tech could fuel the final part of this bull run putting us past 200k somewhere between Q2 - Q3 2022.
Lack of momentum has been evident however this does not point to end of cycle.
It rather seems
BTCUSD needs several weeks of sideways price action with few downside wicks to shake off derivative investors and pick up steam to finally have a solid breakout past $70k.Weak monetary policy, global inflation and
BTCUSD adoption by big tech could fuel the final part of this bull run putting us past 200k somewhere between Q2 - Q3 2022.
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.
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.