BTC Current Situation

https://swcrypto.com/btc/
BTC is definitely taking a break from it’s previous 68k high. Although I’m still bullish for this year. We have touched the previous low yet on a monthly chart. And that’s important. During the 2017 run there were numerous pullbacks just like this one. As long as we stay about that $28,600 level, I have no fear about long term drop.

Currently I’d like to see prices get sustainable over $53k to start feeling comfy again. That’s also likely where we need to be for alts to really start turning back up. I want to see BTC start climbing rapidly, but as I usually find out, the market moves slower than my expectations.

One person’s panic sell is another person’s accumulation price.