I'm seeing a lot of signs of long term weakness and some signs of short term strength in the market. This is usually the opposite of what I'm used to seeing. I'd remain cautious here. Price models are starting to break and the focus is turning to things like NFTs and coin burns while DeFi is still going strong even after the latest crash. There isn't a whole lot of reason to be bullish on Bitcoin here in my opinion, but we haven't seen the multiyear blow off top that we typically see, so that remains the hope for a target. I think it would be wise to have an exit plan ready if the right opportunity presents itself and starting to familiarize yourself with ways to earn a return from your crypto other than by 'price go up' might be a good idea.
No reason to be Bullish on BTC?
*banks offering exposure to BTC
*more and more adoption
*more and more billionaires admitting HODLing
*more merchants accepting
*El Salvador currency with more countries looking close
*list can go on for a full page or 3-4…..
Models don’t mean anything to Hodlers as anything can change rapidly
Models are just a fun read and a hopium shot if there bullish, negative models I don’t know… always just skip them, like a bad movie or something
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