BTC... A choppy summer ahead of us.
Hello Traders,
Please find an analysis of what I believe we will see this summer moving into fall.
My tune may change as this progresses but ATM, the writing is on the wall. We have a lot of fundamental hurdles to get through over the next couple of months, and in response to this, we should see an extended period of chop before breaking the upper trendline, to possibly re-test ATH's.
I'm having a hard time believing that sellers are not going to want to preserve capital and take profits near the 50k-60k range, making it hard for us to find a new ATH this year.
Please find an analysis of what I believe we will see this summer moving into fall.
My tune may change as this progresses but ATM, the writing is on the wall. We have a lot of fundamental hurdles to get through over the next couple of months, and in response to this, we should see an extended period of chop before breaking the upper trendline, to possibly re-test ATH's.
I'm having a hard time believing that sellers are not going to want to preserve capital and take profits near the 50k-60k range, making it hard for us to find a new ATH this year.
Penafian
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