The disadvantage of the rapid increase- is leaving big portion of potential buyers sidelined.
If price increases slowly and shows strength- participants are willing to join at higher price mark.
66-68K area feels like a slow turbulence zone, where sellers donât really sell waiting for ATH, but buyers donât really buy due to the FUD.
As the result, or we need really strong driver (such as some crazy news) to push the price through 68K resistance (50/50 possibility is BTC conference is soon with Trump and Harris speaking).
Or we need to go back to 63 or something like this to create new strong trend continuation.
Iâd ignore ETF flows and $ETH as I refer to a short term price action, while these factors donât immediately move market.
Letâs see how it plays out for $BTC
