Bitcoin has recently broken its 2017 highs. After a 3-week long consolidation.
That said, it simply means all previous supply has been absorbed by demand. Demand > Supply = Higher Price
Based on Fibonacci analysis possible next stop for Bitcoin would be around 25k. With little overhead supply, minimal resistance coupled with strong money flow.
Interestingly, Google trends shows us that public interest on Bitcoin hasn't return to its 2017 highs. We are still quite far from it.
Keep tabs and buy dips. Happy trading!
That said, it simply means all previous supply has been absorbed by demand. Demand > Supply = Higher Price
Based on Fibonacci analysis possible next stop for Bitcoin would be around 25k. With little overhead supply, minimal resistance coupled with strong money flow.
Interestingly, Google trends shows us that public interest on Bitcoin hasn't return to its 2017 highs. We are still quite far from it.
Keep tabs and buy dips. Happy trading!