‼️ $BTC Bigger picture ‼️
Lately i have seen alot of speculation in the market, which brought so much tension and still people are down who bought altcoins and bitcoin at local higher.
Here are few things to keep in mind.
1. We are in an ongoing bullish distribution/reaccumulation pattern (megaphone)
2. Currently at resistance, a rejection and revisiting of 50 - 52k is possible next week.
3. A monthly close above 50k will be ultimately bullish
4. Mass liquidations happened when we dropped below 50k. Most liquidity there has been grabbed, leaving room for more upside.
5. Most importantly: Despite all the bad newsflow, this is typical for summer corrections. Remember last October? #dyor
