BTC has been accelerating in price discovery. With each new day, the parabola and price gain becomes more aggressive. This is mostly due to a supply shock whereby there simply is not enough BTC to stop this ascent, order books are empty, the only relief is a higher price.
As seen from the chart, we pushed against the 36k resistance and it's now support. This means we are posed to push higher. Next targets are 46k and after that 52k.
Do not expect any major relief until this momentum changes, to be indicated by the yellow parabola breaking. Therefore, buy any dips, this has been a successful strategy since early December.
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As seen from the chart, we pushed against the 36k resistance and it's now support. This means we are posed to push higher. Next targets are 46k and after that 52k.
Do not expect any major relief until this momentum changes, to be indicated by the yellow parabola breaking. Therefore, buy any dips, this has been a successful strategy since early December.
Like and follow!
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