Short term update ! BTCUSD
BTC is in a range and people panic when its down the range ,fomo in when its on the higher side of the range !!! That's very common behavior in the market !!!
No matter if this is a bear market or bull market , Bitcoin/other assets technically retrace to higher levels between 0.618 and 0.786 before making another move up or down.
54k will be the great of interest for bitcoin and rest of the market.If we see many alts popping into new highs at this time then things will be optimistic and bitcoin will be heading for its last push up in this market cycle.(probably)
IMO bitcoin is still in a bull market and this is just the calm before the grand finale.
No matter if this is a bear market or bull market , Bitcoin/other assets technically retrace to higher levels between 0.618 and 0.786 before making another move up or down.
54k will be the great of interest for bitcoin and rest of the market.If we see many alts popping into new highs at this time then things will be optimistic and bitcoin will be heading for its last push up in this market cycle.(probably)
IMO bitcoin is still in a bull market and this is just the calm before the grand finale.
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