BTC review - where do we go from here? đ°
Friends, hello everyone. When I was replying to many messages yesterday, I noticed that most of them were interested in the topics: "Where will BTC go?" and "What coin should I buy for my portfolio?". Today I decided to analyze BTC, as many people are interested in it. Let's break it down.
I haven't had time to reply to everyone's messages yet. I will answer them soon.
đ Yesterday bitcoin on futures updated the global ATH. After that we immediately got an instant pullback down to $59.300. Now the price is going to recover again. And then the question arises: "Maybe this is not the end?" (initially I thought that after touching the ATH we will see a downward correction).
Most of the market players are expecting exactly a correction, but as we know the crowd is mostly wrong. Also, if you look at the chart of how BTC was updating ATH at $20,000 in 2020, you will see a similar picture as now. There was no drop at all. The price consolidated and continued to rise.
â The general trend of the market is still long. I don't see any strong preconditions for a long short right now. Therefore, I do not advise you to enter a short position for the medium term. Short-term trades are the maximum. I think we will still see an upward movement đ„
