Bitcoin - Where It Should Be Is Correct.

9월 2일

Bitcoin - Where It Should Be Is Correct


Bitcoin hovering around this price range in a sideways channel for a long period of time is exactly where it should be in cycle where weak hands get bored and sell to strong hands.

Z-Score showing no signs of anywhere near an overheated market, Spot ETF's are still very underallocated, the RSI Halving 100, Weekly repeating the same sideways "boring" market we have always seen.

When this trend eventually ends the price flips to the upside in a very short period of time catching most of the market off guard. Until the flip happens which looks like it will happen before year end, any Bitcoin price under $100,000 is a gift.

Eyes on Bitcoin. its looking more and more like 2017 as the weeks go on.