Exciting times with BTC aye!!!
What's to come? Well, we are actually in a very strong bullish position breaking both the $60k and ATH in a couple of days and holding above is pretty huge. Sadly we are at a point now where "Another" new ATH in BTC doesn't have as much mainstream impact as it has done in the past via general social metrics (Google Searches etc).
Technically though we are likely going to head into a consolidation phase with a bit of bouncing around in "a" triangle to be confirmed whether it'll shape up to be ascending or descending - which means > ALTS should really start to fire. Again align your trading strategy with limiting exposure for the weekend - losing the 61.5k will see an insta drop to 60k and then losing that then its back to the nail biting scenario.
My general feeling is that we are going to hold the 61.5k support and consolidate to retest 65k - I still have a target of $70k and then that is when I will reevaluate the longevity of this bull run, although expect heavy dumps at $65k and the Mother of all Dumps at $70k - ie. zero exposure, take profits from HODL's in order to reload on the bounces and it won't be as severe at 65k although always be wary with new short term positions around 64.5k.
What's to come? Well, we are actually in a very strong bullish position breaking both the $60k and ATH in a couple of days and holding above is pretty huge. Sadly we are at a point now where "Another" new ATH in BTC doesn't have as much mainstream impact as it has done in the past via general social metrics (Google Searches etc).
Technically though we are likely going to head into a consolidation phase with a bit of bouncing around in "a" triangle to be confirmed whether it'll shape up to be ascending or descending - which means > ALTS should really start to fire. Again align your trading strategy with limiting exposure for the weekend - losing the 61.5k will see an insta drop to 60k and then losing that then its back to the nail biting scenario.
My general feeling is that we are going to hold the 61.5k support and consolidate to retest 65k - I still have a target of $70k and then that is when I will reevaluate the longevity of this bull run, although expect heavy dumps at $65k and the Mother of all Dumps at $70k - ie. zero exposure, take profits from HODL's in order to reload on the bounces and it won't be as severe at 65k although always be wary with new short term positions around 64.5k.
