Bitcoin $6200-$6500 HEAVY RESISTANCE

Well, Here we are, after months of expecting this B wave to bring us to the $5400 area, we are extremely surprised and quite excited to see all this momentum in the Bitcoin space. I assumed getting this high would be unlikely, but, its a fresh reminder as to why we never want to underestimate this space. Its also why we have recommended that exposure to this asset class is a must. I do expect a retracement on the final part of this C wave to around the $4200 area again. Yet, knowing how crazy and irrational this space can be, we might just continue higher and higher, its not out of the question, it a low probability, but in the trading world, we live by the rule, 0% certainty, anything is possible.

So does Bitocin surprise us by continuing and actually confirming a bull market, or are we sitting in a Big bull trap.

We love to hear your thoughts, We are always students and learning so your insight is welcomed and encouraged!