I've been watching this for a while and it doens't take much in the way of analysis to conclude that BTC is struggling at the moment. All those 'BTC at X-dollars by some point in the future' claims, made by individuals in the public eye, individuals with an agenda, are, frankly, manipulative nonsense. BTC attracted vast amount of money during last year because it's price was rocketing, today it's price isn't rocketing, what is there now which might attract vast amounts of money to flood in again? I suspect that bulls are loosing steam and I'm inclined towards BTC exploring lower levels, however, as ever, markets do what markets do. Plan for many eventualities because other people may have other plans.
Agreed. I shake my head at bull charts right now. Most offer nothing but daily, weekly and monthly charts, because they refuse to deal with the reality of where we are in price action at the moment. Who wants to buy the upper 8s when they still remember buying at mid 6s last month?