People seem to forget that we're trading way ahead of any levels we'd previously be at, during a similar time in the cycle.
We've never hit all time highs or even close to it prior to the halving.
Of course we got a perfectly reasonable argument as of why in this case, which are the ETFs in my opinion.
Yet, a few weeks of slowing down makes people think it's all over already.
For reference, comparing similar times within the cycles: - In 2020 $BTC Traded at -65% from the previous cycle's highs. - In 2016, $BTC traded -70% from the previous cycle's highs.
Even if #Bitcoin were to go down to let's say $50K (which I'm not even counting on at this point), it would still be way ahead of where we traded in the previous 2 cycles.
If #Bitcoin were to turn bullish and reclaim 67k, it will start from here. Otherwise it’s the original plan to sweep 59k. Either way, we have our longs already in position so I’m just observing.
$1.1 broken bullısh It's Holding Over Support Zone Formed Breaker & Supply Zone in 1 Day Time Frame Expected a short term rally from Here, Good to Buy Some Here & Hold