Major trendline resistance was broken recently at 51k level.
We may be in a mid-cycle peak on to the way up to 180k-200k until ~Aug 2022.
Would still remain cautious atm as the traditional markets are undergoing a major 100 year-cycle correction that could drag
BTC with it.
But, there is a chance that every asset on the traditional market will get tokenized, possibly decoupling bitcoin from it from here on out.
We may be in a mid-cycle peak on to the way up to 180k-200k until ~Aug 2022.
Would still remain cautious atm as the traditional markets are undergoing a major 100 year-cycle correction that could drag
BTC with it.But, there is a chance that every asset on the traditional market will get tokenized, possibly decoupling bitcoin from it from here on out.
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Related publications
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.