BTC minted a weekly sell - the buy signal held from from 1/2023 when BTC was at 21k.
Feels quite bearish at the moment next levels to look at are 90780, 83440, 73972
If BTC breaks 72kish Im expecting a correction to 54k.
I think we will see a relief rally soon and then it will form a lower high and then we are in for a discharge into a bear.
Now thats the TA side on the FA side - the world is freaking crazy rn and so much is coming to light. We know that BTC is currently the digital gold - how much is being funneling into ZCASH thought? Is BTC time over? I dont believe it is - this feels like a forced push to drive prices down to scoop as much up as possible. Which could then lead to a re-ignition of an upward rally.
So is the Bull run finished and is it time to short? To me its kind of looking that way. But remember this is just my opinion and I have been wrong before.
Im personally waiting to hear about the interest rates. The cycle is no longer what it was and over the long term investing in BTC has been the best performing asset and we all know where the financial system is going.
There is so much money and systems being built around this. It feels like another liquidity suck to me. How long will it last though?