Breakout Confirmed...
Bitcoin now looks primed for a continued move higher...
Bitcoin broke out of the sideways range to the upside.
Check it out:
(Source: https://twitter.com/CrypToomas/status/1531540867835633664/photo/1)
This is exactly what we wanted to see for a move to $38k.
I suspect we get up near the $38k level over the coming days and weeks.
It will be tough to break that level any time soon though in my opinion...
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Great to see.
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Maybe it will. Maybe all the liquidity issues in the markets will be all made better by then so it can stay there and not get milked right back down again.
Yea I am not sure whether it will stay there or not. My guess is we actually haven't seen the lows just yet. I suspect late summer or early fall we get the final plunge that marks the bottom of this bear market... which will likely line up with the FED slowing down on their rate hikes etc.