From the looks of the chart we seem like we’re pressing up against the final resistance level before a break to $30K. It will be interesting to see if we reject here and retest support or if we shoot straight to $30K. This rally seems like it has a lot of strength but it’s also run quite a bit in a short period of time so neither would surprise me. At some point FOMO might start kicking in when people realize BTC has doubled in a month.
Last ATH was on the lower side of most expectations. And being at 1/3 of that ATH
BTC is still heavily undervalued imo, especially since BTC can be used as a super portable inflation hedge in these times...
Going to app. 30k would only get us to where the bottom should have been in the first place
That's kinda my logic too. That and $30K could have held for much longer until the end of last year before dropping in half if it weren't for mass liquidiations, not that this relevant anymore.
Also still pretty convinced $30K will be the new $6K. Once we test it to the upside it will break and price can go up by around 2x including wicks, or at least to $50K.
Likewise $40K will be the new $10K eventually. Kinda expecting things to pan out similar to 2019 now we've had the momentum to the upside.
$25K might be harder to crack in the short-term though, but price between $20K and $25K is all healthy from here on in I believe.
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