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Welcome to this quick update on bitcoin. Bitcoin is currently hovering above $60k. Two days before it reached $63k and now we see a little retracement here. As long as BTC holds above $60k all things are fine.
According to the chart, BTC must bounce from here. Also, there is no resistance above the $60k level except small psychological resistance of ATH. IMO I'm expecting a pump all the way to the $65k and then we may see a pullback.
However, the only point of concern is people are extremely greedy right now and funding is positive which indicates we may see a dump before going parabolic. Let's wait for the weekly close to get a more clear idea.
Now, what about Alts? As long as BTC consolidates above $60k we may see a good pump in Alts but don't be too greedy. Always trying to book profits. The coming alt season will be very explosive than the previous alt seasons. Just have some patience and wait for the right moment!!
If you like this idea then do appreciate it with like and follow.
It always motivates me to work more and more.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
Welcome to this quick update on bitcoin. Bitcoin is currently hovering above $60k. Two days before it reached $63k and now we see a little retracement here. As long as BTC holds above $60k all things are fine.
According to the chart, BTC must bounce from here. Also, there is no resistance above the $60k level except small psychological resistance of ATH. IMO I'm expecting a pump all the way to the $65k and then we may see a pullback.
However, the only point of concern is people are extremely greedy right now and funding is positive which indicates we may see a dump before going parabolic. Let's wait for the weekly close to get a more clear idea.
Now, what about Alts? As long as BTC consolidates above $60k we may see a good pump in Alts but don't be too greedy. Always trying to book profits. The coming alt season will be very explosive than the previous alt seasons. Just have some patience and wait for the right moment!!
If you like this idea then do appreciate it with like and follow.
It always motivates me to work more and more.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
