Hi everyone!
So BTC is in a current correction, if you might say, before we expect price to go up higher.
The question remains is then if we get a blow off top and thus taking us outside of the channel or we grind our way up inside the channel to new ATHs.
In my opinion and when reviewing the previous cycles we might expect some bigger correction to take place, bringing us to previous support zones of around 40k.
It already happened many times in the past - doesn't mean it would happen but it often rhymes.
Let me know what you think.
Kind regards,
Noel
So BTC is in a current correction, if you might say, before we expect price to go up higher.
The question remains is then if we get a blow off top and thus taking us outside of the channel or we grind our way up inside the channel to new ATHs.
In my opinion and when reviewing the previous cycles we might expect some bigger correction to take place, bringing us to previous support zones of around 40k.
It already happened many times in the past - doesn't mean it would happen but it often rhymes.
Let me know what you think.
Kind regards,
Noel
