I expect continued volatility. I don't trade BTC, but I have been accumulating crypto with monthly purchases.
This weekly charts slows things down a bit. Looks like BTC (might have) had an inverse move to the recent Nasdaq rally that started around May 11th.
I see no need to call it extended at current levels. Will wait for it to exceed the upper limit of this linear regression channel, or until the Williams %R hits -20.
See the price higher at year-end. Possibly 47,000 to mid 50,000 range.
BTC has recently digested a bunch of negative media coverage and China B/S over the past 10 weeks.
Note (this linear regression is ytd, with 1% std deviation)
This weekly charts slows things down a bit. Looks like BTC (might have) had an inverse move to the recent Nasdaq rally that started around May 11th.
I see no need to call it extended at current levels. Will wait for it to exceed the upper limit of this linear regression channel, or until the Williams %R hits -20.
See the price higher at year-end. Possibly 47,000 to mid 50,000 range.
BTC has recently digested a bunch of negative media coverage and China B/S over the past 10 weeks.
Note (this linear regression is ytd, with 1% std deviation)