đđŸ
LIVE
Eternel insatisfait
--
#BTC
A Weekly Candle Close above ~$71500 would probably kickstart the breakout from the Re-Accumulation Range
However, history suggests Bitcoin should consolidate inside this Re-Accumulation Range for several weeks more
Extended consolidation here would get Bitcoin closer to resynchronising with historical Halving Cycles
After all, the current acceleration in the cycle is still around 110 days (which is a tremendous improvement on the 260-day acceleration set in mid-March when BTC made new All Time Highs)
On the one hand, investors understandably want a breakout, but that would entail an Accelerated Cycle, where Bitcoin would probably peak in its Bull Market sooner
On the other hand, extended consolidation here would help with resynchronisation with historical Halving Cycles, resulting in a longer Bull Run
There is no right or wrong answer - both cases are bullish
It's more a question of whether we get a shorter bull run or a typically long one
History suggests we should see a typically long one but Bitcoin is one Weekly Close above the $71500 Range High from going against the grain of history once again
$BTC #Crypto #Bitcoin
A Weekly Candle Close above ~$71500 would probably kickstart the breakout from the Re-Accumulation Range
However, history suggests Bitcoin should consolidate inside this Re-Accumulation Range for several weeks more
Extended consolidation here would get Bitcoin closer to resynchronising with historical Halving Cycles
After all, the current acceleration in the cycle is still around 110 days (which is a tremendous improvement on the 260-day acceleration set in mid-March when BTC made new All Time Highs)
On the one hand, investors understandably want a breakout, but that would entail an Accelerated Cycle, where Bitcoin would probably peak in its Bull Market sooner
On the other hand, extended consolidation here would help with resynchronisation with historical Halving Cycles, resulting in a longer Bull Run
There is no right or wrong answer - both cases are bullish
It's more a question of whether we get a shorter bull run or a typically long one
History suggests we should see a typically long one but Bitcoin is one Weekly Close above the $71500 Range High from going against the grain of history once again
$BTC #Crypto #Bitcoin
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0