Bitcoin has been on a rally for the past year. However we are approaching heavy resistance for the first time. Combined with suspected buyer exhaustion, and a decreasing amount of buyers willing to support 40k+ prices, after the ETF and its initial wave of inflows. I strongly suspect a correction is due for Bitcoin.
This correction is unlikely to reach 25k, as the multi year trend is bullish. This is just a blip in the chart, but for us in the moment, it can be a significant event to be prepared for.
This trade will be taken after the ETF decision. I suspect the decision will be an approval of all ETFs.
This correction is unlikely to reach 25k, as the multi year trend is bullish. This is just a blip in the chart, but for us in the moment, it can be a significant event to be prepared for.
This trade will be taken after the ETF decision. I suspect the decision will be an approval of all ETFs.