Few days earlier I posted my bearish view on BTC. But bulls still have a chance to get above 100k this year. Price is still moving inside this meme channel, and recently we got a test of the lower channel line. All these "sideways" between 30-60k could be the 4th wave. Depends on how you count it, end of wave 3 either can be in April 2021 at 65k or in November 2021 at 69k. But nevertheless this is can be the 4th corrective wave.
If bulls can save BTC inside this meme channel and hold this 28-30k zone as support, we can get a big rally by August. I don't think this is very likely but I am not going to sit and wait for mega crash all the time and ignore the bullish case. Until then we stuck here in a range of summer despair.
Price is out of channel and close below this zone on the weekly => this idea is canceled.
If bulls can save BTC inside this meme channel and hold this 28-30k zone as support, we can get a big rally by August. I don't think this is very likely but I am not going to sit and wait for mega crash all the time and ignore the bullish case. Until then we stuck here in a range of summer despair.
Price is out of channel and close below this zone on the weekly => this idea is canceled.
