BTC potential break out of the downtrend
After failing to go back and test the 50 day MA on the daily chart, (missed the MA by a couple thousand $)
BTC still looking bullish even though the US treasury secretary talked absolute bullshit about BTC.
Hope it finds itself a reasonable price and consolidates there for a decent time so that the altseason can eventually start.
People constantly being afraid of ath’s of BTC, and selling whenever there is a little downtrend is a temporary thing in my opinion.
As the money flow into the market goes parabolic like it has been in the past 3-4 months, a total market cap of 3Trillion is very possible as we approach late 2021. Which means less volatility and a much more stable BTC price. If things don’t go sideways and go as planned we will see some significant action on the altcoin side.
not a trading advice :)
BTC still looking bullish even though the US treasury secretary talked absolute bullshit about BTC.
Hope it finds itself a reasonable price and consolidates there for a decent time so that the altseason can eventually start.
People constantly being afraid of ath’s of BTC, and selling whenever there is a little downtrend is a temporary thing in my opinion.
As the money flow into the market goes parabolic like it has been in the past 3-4 months, a total market cap of 3Trillion is very possible as we approach late 2021. Which means less volatility and a much more stable BTC price. If things don’t go sideways and go as planned we will see some significant action on the altcoin side.
not a trading advice :)
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