With BTCs most recent move higher and the confirmation of a higher low within the current uptrend (the one that started Jan. 23) we have sufficient indication to assume a short term continuation of the current rally.
As next target I'm looking for 120k. In the very short term we might see a little corrective move (Scenario 2) or just power through the range high of the micro range to chase the set target directly. (Scenario 1) That highly depends on price reaction to the range high price level. (106k)
Either way, BTC looks great at the moment and I'm pretty confident that the bull market is far from over, especially with more inflation on the horizon.
Let me hear your thoughts!
As next target I'm looking for 120k. In the very short term we might see a little corrective move (Scenario 2) or just power through the range high of the micro range to chase the set target directly. (Scenario 1) That highly depends on price reaction to the range high price level. (106k)
Either way, BTC looks great at the moment and I'm pretty confident that the bull market is far from over, especially with more inflation on the horizon.
Let me hear your thoughts!
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