BTC has been making some promising moves, and showing signs of turning around on the 4HR, 1D charts. On the 1D and 1W charts, BTC likely to hit heavy resistance at previous support (30-32k) and the Fibonacci line currently above price. This could cause downward pressure on price and return to low again before retesting. This is a short term prediction.
Long term, this will break out and likely to repeat previous cycles of crashing 80% followed by heavy market manipulation to new highs. As you can see, highs are becoming less % gainwise over time, as well as highs are showing patterns of slowing down (more time passing by between each). This is just what it is, BTC becoming less volatile over time.
I am still very bullish on it long term.
Long term, this will break out and likely to repeat previous cycles of crashing 80% followed by heavy market manipulation to new highs. As you can see, highs are becoming less % gainwise over time, as well as highs are showing patterns of slowing down (more time passing by between each). This is just what it is, BTC becoming less volatile over time.
I am still very bullish on it long term.