BTC: Cautiously Optimistic
With BTC now toying with its previous ATH, we can safely assume it is prepped for a significant move.
I am cautiously optimistic, favouring the upside where we may enter the frenzied bull market period, similar to what we had seen in 2018.
Once we re-enter the price discovery zone, coupled with media attention and further announcements of institutional adoption, the sky is the limit.
I will be taking profit and every significant price point, i.e. 69k, 74k, etc., should we reach these price levels.
I am cautious because, at a glance, it looks like we could be topping out. However, with ETH putting in a new ATH as we speak, plus the overall bullish sentiment of the market in general, one can assume that BTC will follow suit in the weeks to come.
It is also worth mentioning that the winter months are usually the best performing period for crypto assets.
I am cautiously optimistic, favouring the upside where we may enter the frenzied bull market period, similar to what we had seen in 2018.
Once we re-enter the price discovery zone, coupled with media attention and further announcements of institutional adoption, the sky is the limit.
I will be taking profit and every significant price point, i.e. 69k, 74k, etc., should we reach these price levels.
I am cautious because, at a glance, it looks like we could be topping out. However, with ETH putting in a new ATH as we speak, plus the overall bullish sentiment of the market in general, one can assume that BTC will follow suit in the weeks to come.
It is also worth mentioning that the winter months are usually the best performing period for crypto assets.
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