This chart is very simple, We are technically still in a downtrend on this weekly format. We have printed a lower low formation after the Black Swan event early March. The market is currently printing a lower high formation .. until it breaks 10.500 USD clearly and moves away. Long term from a macro POV, I am very bullish on crypto in general though.
IF the price drops back to the 6-7000 dollar region and finds solid support, there is good chance that it will print a higher low and a right shoulder on the chart. However, this is all speculation for now and I like to focus on the current PA. Pre/post-halving pump through 10.500 and the perspective will change very rapidly
Trade and invest safely in this volatile market! Thank you for reading
IF the price drops back to the 6-7000 dollar region and finds solid support, there is good chance that it will print a higher low and a right shoulder on the chart. However, this is all speculation for now and I like to focus on the current PA. Pre/post-halving pump through 10.500 and the perspective will change very rapidly
Trade and invest safely in this volatile market! Thank you for reading