#Bitcoin Log Regression 👀
The orange line, as in the previous cycle, offers strong resistance.
💡I think
BTC
will stay at the current mark for another month. After that, we go to the correction, most likely it will not be a deep correction, but rather a consolidation.
This is indicated by overbought and seasonality.
⛏️ And also the capitulation of miners after the halving is possible, this will lead to a decrease in the hashrate, which will slow down the growth for some time. But do not be sad, the bull market will continue closer to autumn↗️
The orange line, as in the previous cycle, offers strong resistance.
💡I think
BTC
will stay at the current mark for another month. After that, we go to the correction, most likely it will not be a deep correction, but rather a consolidation. This is indicated by overbought and seasonality.
⛏️ And also the capitulation of miners after the halving is possible, this will lead to a decrease in the hashrate, which will slow down the growth for some time. But do not be sad, the bull market will continue closer to autumn↗️
A month ago, when we were at 70k+ and most analysts were writing about 100k, I wrote a previous post about what would happen after the halving and why we would go on a correction in a month.
💡Now we are at the 57k mark and continue to move along the gray fractal. If you had such analysts and now they have "changed shoes", I think you need to change the circle of experts you follow.