BTC - Where Do We Go From Here?
I don't see top signals (structural, momentum, on-chain, etc.), other than sentiment is rising, but that is inevitable given the new pro-crypto president in the US.
That said, absolutely no one knows where Bitcoin or crypto goes from here. So much is unprecedented about this cycle. But we can speculate.. and I think we have our small pullback here before continuing up.
We have a few levels of interest: the bullish scenario is a bit of chop over 85k. A very reasonable retracement is still around 80k.
Would hate to see lower than ~75k, which may signal more downside or longer indecision & consolidation.. but that seems unlikely given the current climate.
Some other minor levels of interest, like ~84k, ~76k.
That said, absolutely no one knows where Bitcoin or crypto goes from here. So much is unprecedented about this cycle. But we can speculate.. and I think we have our small pullback here before continuing up.
We have a few levels of interest: the bullish scenario is a bit of chop over 85k. A very reasonable retracement is still around 80k.
Would hate to see lower than ~75k, which may signal more downside or longer indecision & consolidation.. but that seems unlikely given the current climate.
Some other minor levels of interest, like ~84k, ~76k.
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