DISCLAIMER:
I already have a position in BTC, as noted on the chart, where I have traded the crypto in the past.
BTC is currently forming a pennant pattern, indicating a potential move to higher levels. My outlook remains extremely optimistic, especially with the upcoming halving event in just two weeks. Although this event is more short-term in nature, it's plausible to suggest that BTC, along with the broader cryptocurrency market, might be entering a long-term Supercycle that could extend over the next decade. While we can expect periodic downturns, the overarching trend appears to be significantly bullish.
The investor sentiment seems notably jittery. A mere few days of BTC consolidation leads to queries about the sustainability of the rally, which starkly contrasts the over-enthusiasm typically observed at market peaks. In fact, recent discussions have even veered towards redemptions, with some investors capitulating at the very bottom.
It's important to maintain a perspective that, despite short-term volatility, the long-term trajectory for BTC and cryptocurrencies looks promising, underpinned by solid fundamentals and growing acceptance.
PS I am both a long term Bitcoin Bull Investor as well as a short term Bitcoin Trader. The two are different and I review BTC at the moment as a trader not an investor.
I already have a position in BTC, as noted on the chart, where I have traded the crypto in the past.
BTC is currently forming a pennant pattern, indicating a potential move to higher levels. My outlook remains extremely optimistic, especially with the upcoming halving event in just two weeks. Although this event is more short-term in nature, it's plausible to suggest that BTC, along with the broader cryptocurrency market, might be entering a long-term Supercycle that could extend over the next decade. While we can expect periodic downturns, the overarching trend appears to be significantly bullish.
The investor sentiment seems notably jittery. A mere few days of BTC consolidation leads to queries about the sustainability of the rally, which starkly contrasts the over-enthusiasm typically observed at market peaks. In fact, recent discussions have even veered towards redemptions, with some investors capitulating at the very bottom.
It's important to maintain a perspective that, despite short-term volatility, the long-term trajectory for BTC and cryptocurrencies looks promising, underpinned by solid fundamentals and growing acceptance.
PS I am both a long term Bitcoin Bull Investor as well as a short term Bitcoin Trader. The two are different and I review BTC at the moment as a trader not an investor.
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👉 I share my TRADING everyday here: discord.gg/gTmcqWyWWe
👉 I sell premium indicators here: tradingviewindicators.net
