I see only 2 scenarios for BTC in the next weeks
BTC could definitely retest that falling wedge before pumping up like it should, and that would be around 41-42k.
But I strongly believe that the big institutions don´t want to sell their BTC right now since the Governments are printing again. The question is, will retailers sell their BTC for cheap?
I never trust people´s long term view on an asset, the fear emotion is always stronger than the greed emotion in the crowd, after all graphs are a representation of people´s sentiment.
I am converting all my alts to BTC, and in case we fall to 42k I am going to use my BTC to buy alts, that´s my safety plan at this moment, the market is strongly bullish, and once we break 50k
zone (which I believe is a huge regret zone) the sky is the limit, or better the stock to flow graph will tell us what to do.
But I strongly believe that the big institutions don´t want to sell their BTC right now since the Governments are printing again. The question is, will retailers sell their BTC for cheap?
I never trust people´s long term view on an asset, the fear emotion is always stronger than the greed emotion in the crowd, after all graphs are a representation of people´s sentiment.
I am converting all my alts to BTC, and in case we fall to 42k I am going to use my BTC to buy alts, that´s my safety plan at this moment, the market is strongly bullish, and once we break 50k
zone (which I believe is a huge regret zone) the sky is the limit, or better the stock to flow graph will tell us what to do.
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