Bitcoin has been chopping sideways from 110k to 100k since May which is almost 2 months. People have been saying this is a descending channel but sometimes global swan events can disrupt Technical analysis. If you discount the Bitcoin dump on 5th June as Elon Musk/Trump clash and on 20th June as I*rael/Iran war, then Bitcoin is still in a bull flag structure and...
There has been many confusions in the markets. People do not know whether the top is already in or not. If it is the top of this cycle, it is unlike the previous two cycles and will confuse many people. Many influencers are also calling for a "lengthening cycle" to hold the bull market narrative which is complete garbage nonsense. Investors and analysts have...
Due to the global uncertainty, things are looking bearish and it is difficult to point out where bitcoin is heading next. However, Bitcoin has been following what gold has been doing recently. If bitcoin really is a store of value similar to gold, then it continue to go up just like gold.
