BTC - Approaching Spice Levels
We are very close to escaping the darkest depths of the bear market.
JUN-22 hammered crypto. Bitcoin lost critical support at 30k and dropped 45%; Ethereum fell under 1k.
Fast forward to Q1 to Q2 2023, Bitcoin is flirting with 30k; Ethereum is at nearly $1900.
If bulls recover 30k it gets spicy.. that leads to the next value range towards 40k. Not to say we will escape 40k, I think we'll see major resistance to any large upside moves (outside of unusual economic events like USD hyperinflation or mass adoption).
JUN-22 hammered crypto. Bitcoin lost critical support at 30k and dropped 45%; Ethereum fell under 1k.
Fast forward to Q1 to Q2 2023, Bitcoin is flirting with 30k; Ethereum is at nearly $1900.
If bulls recover 30k it gets spicy.. that leads to the next value range towards 40k. Not to say we will escape 40k, I think we'll see major resistance to any large upside moves (outside of unusual economic events like USD hyperinflation or mass adoption).
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