Watching for a possible pullback here as this is a very important point. Similar structure to Feb - April with falling RSI. If Bitcoin gets a weekly close above 52K I think the bull market will be resumed with target around 90-120k
NOT the time to FOMO right now at major resistance PLUS the market is pricing in deflation currently.
1. Rising USD against foreign currencies
2. Rising bond prices
3. Falling Gold prices
Jackson Hole meeting this weekend where a possible taper could be announced. If the Fed continues its mandate BTC will push higher. If they announce taper or change mandate this will be bearish for btc.
NOT the time to FOMO right now at major resistance PLUS the market is pricing in deflation currently.
1. Rising USD against foreign currencies
2. Rising bond prices
3. Falling Gold prices
Jackson Hole meeting this weekend where a possible taper could be announced. If the Fed continues its mandate BTC will push higher. If they announce taper or change mandate this will be bearish for btc.