Dear community, hope all is well.
Let’s address the elephant in the room: I was likely wrong about my thesis that BTC would go down further to 35k-30k. The bounce from 38.5k > 43.8k was impressive, but even more impressive is that we went from 42k > 48k within a week, with only green daily bars. Bulls seem to be back, which makes it a matter of time before we will break through 50k.
Yes, the ETF caused a big drop (~22%) as I wrote about plenty of times. However, the bounce that we’re currently seeing is most likely the confirmation that the trend is still holding. The trend is your friend!
My expectation is that this trend will keep on going for a while, so I’m expecting great things in the near future.
Good luck to all!
