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Likely more consolidation before rip...

4 comments

jondoe
84
2 years agoSteemit

Dip, then rip?

Bitcoin had a nice several week run but it appears to be fading out at the moment.

My guess is we need to retest some levels before continuing higher.

Those that bought the lows have been taking profits after a nice bounce.

Once they are out, we have lots of room to the upside...

Here's what I am seeing over the next couple years:

image.png

(source: https://twitter.com/kabweh2/status/1559507007647916032/photo/1)

I think those $18k lows are going to hold, but we may get close to retesting them over the coming weeks.

We shall see...

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