Bitcoin
Panjang

Bitcoin bears are exhausted, but Bulls may be next! Cautious.

150
BTC broke descending wedge structure towards new price discovery territory after exhausting $60-$70k Bears.

Path of least resistance?

Expecting a small correction (Nov/Dec24) before continuing towards $95~$115k n beyond (Jan/Feb/Mar25).

Stochastic RSI plateauing but RSI is bullish.

But I'm not one of those calling for $250k this Bull Run.

There are still has plenty of chinks to iron out before bitcoin is globally accepted as a true reserve asset.

Perhaps the next crypto winter will allow decent development and mass acceptance.

May the trend be with you.

Penafian

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