ðĨ Bitcoin Accumulation Phase While Stocks Pump
Since the recent SVB-crisis lows last month, both stocks and Bitcoin have seen immense gains. However, after hitting the ~$29,000 resistance, Bitcoin has been trading sideways, while stocks have continued to pump.
In my view, BTC is currently in some kind of accumulation phase preparing for the bullish break out through this strong area of resistance.
As long as stocks remain bullish, BTC has every reason to prepare for a pump. Personally, I'm waiting for a 4H candle to close above the $28,800 to start looking for an entry.
If we get a break out, I think it will be a violent one, potentially even targeting $35,000 within the next few days. Let's see!
In my view, BTC is currently in some kind of accumulation phase preparing for the bullish break out through this strong area of resistance.
As long as stocks remain bullish, BTC has every reason to prepare for a pump. Personally, I'm waiting for a 4H candle to close above the $28,800 to start looking for an entry.
If we get a break out, I think it will be a violent one, potentially even targeting $35,000 within the next few days. Let's see!
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