Good part of the day, dear TW community. I'm sharing my view on BTC for the rest of the year. Yeah, I'm bullish. There are some fundamental and technical perspectives on it, but mostly technical.
1. So, BTC has broke the falling wedge which has lasted since 2021 November.
2. Retested successfully the breakthrough in 2023 January.
3. Making a correction above 0.618 Fibonacci level started from 2023 January.
4. Making a correction above RSI 50 (see weekly RSI).
5. News about Blackrock filing it as a currency.
Yeah, most had called me somehow utopic analyst when I published BTC to go down to 20K in 2022 January, however, time showed us that it was not a lie. And right now I'm making my second "utopic analysis" on BTC. It's cyclic, you know, BTC has cycles and it lasts almost 4 years. From 2022 December we have entered in a new bull cycle which lasts until 2025. And the target for this cycle is between 350K-430K.
Good luck in trades, buddy.
1. So, BTC has broke the falling wedge which has lasted since 2021 November.
2. Retested successfully the breakthrough in 2023 January.
3. Making a correction above 0.618 Fibonacci level started from 2023 January.
4. Making a correction above RSI 50 (see weekly RSI).
5. News about Blackrock filing it as a currency.
Yeah, most had called me somehow utopic analyst when I published BTC to go down to 20K in 2022 January, however, time showed us that it was not a lie. And right now I'm making my second "utopic analysis" on BTC. It's cyclic, you know, BTC has cycles and it lasts almost 4 years. From 2022 December we have entered in a new bull cycle which lasts until 2025. And the target for this cycle is between 350K-430K.
Good luck in trades, buddy.
