Techincal: Just an idea, Elliot wave, ascending channel, bull flagging on day chart.
Price can drop 8500-9k as the cart suggests.
Psycology:
Price can drop 8500-9k as everyone and his dog suggest, its a psychological barrier.
Is Crypto really going away now? Think about the growth over the last year, a lot of people still don't know about crypto ad will use it in the future without knowing about it, but still be interested to invest in these companies and assets.
If BTC stays the "king" its the entry to Crypto, and an easy asset to hold.
A lot of "hodlers" will "hodl".
C'est la vie!
Price can drop 8500-9k as the cart suggests.
Psycology:
Price can drop 8500-9k as everyone and his dog suggest, its a psychological barrier.
Is Crypto really going away now? Think about the growth over the last year, a lot of people still don't know about crypto ad will use it in the future without knowing about it, but still be interested to invest in these companies and assets.
If BTC stays the "king" its the entry to Crypto, and an easy asset to hold.
A lot of "hodlers" will "hodl".
C'est la vie!