While BTC climb from $30k to $47k in a matter of two weeks can be very much be considered parabolic, but for Bitcoin that's not a big of a deal.
So what is next?
As per my way of playing it:
1) BTC will rise from here to FIB R 0.786 level ($57k~$58k range) Till then Alts will enjoy a mini Alts Season. This may play out within this month.
2) Then BTC will retrace from the FIB R 0.786 to retest 20W SMA. This will bring Alts back to their lows, and BTC.D will take over from there. That would be similar to summer of 2020.
3) Afterwards BTC will rise parabolically to its new ATH which I expect to be in Dec 2021 or Jan 2022.
This is a forecast / prediction for the market. However, nothing is carved in stone... keeping an eye on the SMA & RSI remains key.
So what is next?
As per my way of playing it:
1) BTC will rise from here to FIB R 0.786 level ($57k~$58k range) Till then Alts will enjoy a mini Alts Season. This may play out within this month.
2) Then BTC will retrace from the FIB R 0.786 to retest 20W SMA. This will bring Alts back to their lows, and BTC.D will take over from there. That would be similar to summer of 2020.
3) Afterwards BTC will rise parabolically to its new ATH which I expect to be in Dec 2021 or Jan 2022.
This is a forecast / prediction for the market. However, nothing is carved in stone... keeping an eye on the SMA & RSI remains key.
Unless you figure a way to make money while you sleep, you’ll work till you die.