BTC long term

BTC remains well above the bull market support band (20W SMA,21W EMA) even with recent price declines. While short term macro-economic factors may cause some difficulty in breaking the ATH resistance of 64K, the trend going towards the end of year is still bullish. The fundamentals of demand and supply have not changed and even with some dollar strengthening a bit due to inflation scare, people will realize the advantages of remaining in BTC.
While reaching PlanB's parabolic prediction of 98K at the end of November seems unlikely as the price rise is way too steep (which might lead to short term collapse) , this is still not an impossibility.
Regardless, the EOY for BTC is still bullish.
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