All signs and past performance point to a bullish breakout, but this idea is mainly based on sentiment. Everyone and their mother is bullish right now and expecting a massive green dildo any minute now. If Bitcoin reverses here and corrects to the mid 30000s, everyone who hasn't bought will be mortgaging their house, buying the dip like there's no tomorrow taking the price to the mid 50000s again. Then, a final big dump taking Bitcoin to 6.5-10k range around Nov/Dec 2021. Then to the moon. One can dream, right?
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So far, we are moving as predicted in April 2021, but taking longer than expected. This bear market will probably last another 1-2 years. Still expecting Bitcoin to reach 6.5 - 10k level with 6 -7k looking more likely.
