Hello everyone
I want to keep it simple today. Despite the fact that there is a clear bear flag in this graph (see previous blog), I'm very optimistic for BTC. I think that the price of BTC has to stabilize for a few days or weeks. So everyone can become neutral and confident with the price-actions. Now everyone is bearish and bullish for all kinds of reasons. We all need to calm down and that's only possible if the price of BTC becomes more stable for a week or 2. And I'm convinced that when BTC becomes more stable, we can see a nice bull-run in June or July. I hope that the price will stay in between 7.8K and 9K for now.
Another nice thing to see is that the sell-off volume is decreasing as well. i'ts all-time high was in December, and it did not reached that level ever since, which is a very good thing!
Comments are always welcome
Leave a like if you agree, thanks in advance!
(this is no financial advice)
I want to keep it simple today. Despite the fact that there is a clear bear flag in this graph (see previous blog), I'm very optimistic for BTC. I think that the price of BTC has to stabilize for a few days or weeks. So everyone can become neutral and confident with the price-actions. Now everyone is bearish and bullish for all kinds of reasons. We all need to calm down and that's only possible if the price of BTC becomes more stable for a week or 2. And I'm convinced that when BTC becomes more stable, we can see a nice bull-run in June or July. I hope that the price will stay in between 7.8K and 9K for now.
Another nice thing to see is that the sell-off volume is decreasing as well. i'ts all-time high was in December, and it did not reached that level ever since, which is a very good thing!
Comments are always welcome
Leave a like if you agree, thanks in advance!
(this is no financial advice)