Birds eye view of Bitcoin

Bitcoin has a lot of momentum but some divergences are apparent.

It has had a long run already and is ready for a correction.

Unless the correction happens soon, it will continue to possibly 100k for a more substantial correction, that will last for months or even years.

Personally I think BTC will get a nice correction, possibly up to 50 or 60%, but more likely 30 or 40%, then continue up.

If BTC goes up too fast it will hit resistance in the trend-channels quicker, so the price for this bullrun will be lower than if it takes its time.

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