BTC Consolidate.
BTC is about to hit 6 month trend resistence.
If this breaks we are turning the pace up on this exponential move and by definition what you would expect.
However, the trend, the approach to 3k and previous behaviour around psychological levels would suggest we need to consolodate and take profit before caryring on.
This is certainly my prefered choice... sustainable growth will help us attract a wider pool of investors in the long term rather than hugely volitile moves.
Fingers crossed for a sensible ascending triangle and not a patobolic boom bust.
My ultimate target for the year assuming no catostophic event around UASF in August remains at 4k.
If this breaks we are turning the pace up on this exponential move and by definition what you would expect.
However, the trend, the approach to 3k and previous behaviour around psychological levels would suggest we need to consolodate and take profit before caryring on.
This is certainly my prefered choice... sustainable growth will help us attract a wider pool of investors in the long term rather than hugely volitile moves.
Fingers crossed for a sensible ascending triangle and not a patobolic boom bust.
My ultimate target for the year assuming no catostophic event around UASF in August remains at 4k.
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