Looking at BTC it is still in an uptrend formation over the last 2 weeks after the initial pump above 30K. BTC liquidity is cooling off and BTC looking for a breakout here.
I am thinking here that a lot of people are bullish also because alts are flying thrue the roof.
For that specific reason i like to think that some more people need to get liquidated before they continue the ride upwards.
I would like to see the levels of 33k swept before moving towards 38K.
It can also break out upwards and go straight to the levels of 38K plus. I dont make the markets, I just try to plan out all different moves before it is going to make it's move.
I am still very bullish tho for BTC in 2024 and 2025
I am thinking here that a lot of people are bullish also because alts are flying thrue the roof.
For that specific reason i like to think that some more people need to get liquidated before they continue the ride upwards.
I would like to see the levels of 33k swept before moving towards 38K.
It can also break out upwards and go straight to the levels of 38K plus. I dont make the markets, I just try to plan out all different moves before it is going to make it's move.
I am still very bullish tho for BTC in 2024 and 2025