BTC Current Situation

https://swcrypto.com/btc/
BTC is definitely taking a break from it’s previous 68k high. Although I’m still bullish for this year. We have touched the previous low yet on a monthly chart. And that’s important. During the 2017 run there were numerous pullbacks just like this one. As long as we stay about that $28,600 level, I have no fear about long term drop.

Currently I’d like to see prices get sustainable over 53k to start feeling comfy again. That’s also likely where we need to be for alts to really start turning back up. I want to see BTC start climbing rapidly, but as I usually find out, the market moves slower than my expectations.

One person’s panic sell is another person’s accumulation price.