$BR - Clean breakout, momentum building for upside
Price has broken out of the range and is now holding above support. Buyers are stepping in with strength, and the structure is shifting bullish. As long as it holds this zone, continuation to the upside looks likely.
Breakout looks solid - follow the momentum, but manage risk.
The fact that everybody is saying 40,000-50,000 $BTC is the reason Iโm saying the bottom is in. Just like when everybody was yelling the even 10k number last bear market.
Nobody is saying what Iโm saying.
The bottom is in and maybe a 10% lower swipe of the lows.
Robot dogs wearing hyper-realistic silicone faces of Elon Musk, Mark Zuckerberg, and Jeff Bezos roam freely in a Berlin museum as part of American artist Beeple's "Regular Animals" exhibit.
๐บ๐ธ US stock market just hit a new all-time high after adding over $10 trillion in the past 30 days.
Meanwhile Bitcoin is still down 40% from its ATH of $126,000.
3 main reasons:
1) This is pure price suppression and manipulation so whales can load up cheap $BTC.
2) People are tired of getting rugged by insiders and donโt give a fuck anymore.
3) Except Bitcoin, no other major asset like ETH has delivered good returns in the last 5 years while most stocks have pumped 5x-10x. So people donโt want to bet on risky assets when they can make solid returns on Mag 7 companies.
I still think once we get the crypto market structure bill and more clarity, Bitcoin will explode much higher with these new killer fundamentals.