BTC bull trend still in tact, should break 14k soon
trends tend to have 3-4 angles of acceleration, I think the bull trend is still strong and we are yet to get a blowoff, the problem is if it happens too fast (in the next few weeks), we risk a possible repeat of 2017 with a huge spike up and then a crash back down
I'd like to see it consolidate more and move up more slowly so that we can get a sustained move higher towards the halving before going to new ATH's
note the gap between the previous high and the more recent low, this gap is usually an indication that the trend is strong too and that we should move higher than the 14k
the next week or two should be interesting, I'm leaning towards a higher probability for a new high above 14k than going below 9700
Not financial advice
My personal opinion only.
I'd like to see it consolidate more and move up more slowly so that we can get a sustained move higher towards the halving before going to new ATH's
note the gap between the previous high and the more recent low, this gap is usually an indication that the trend is strong too and that we should move higher than the 14k
the next week or two should be interesting, I'm leaning towards a higher probability for a new high above 14k than going below 9700
Not financial advice
My personal opinion only.