Bitcoin bears are exhausted, but Bulls may be next! Cautious.

2024年11月12日

BTC broke descending wedge structure towards new price discovery territory after exhausting $60-70k Bears.

Path of least resistance?

Expecting a small correction (Nov/Dec24) before continuing towards $95~115k n beyond (Jan/Feb/Mar25).

Stochastic RSI plateauing but RSI is bullish.

But I'm not one of those calling for 250k this Bull Run.

There are still has plenty of chinks to iron out before bitcoin is globally accepted as a true reserve asset.

Perhaps the next crypto winter will allow decent development and mass acceptance.

May the trend be with you.