I don't see a reason why markets shouldn't go higher.
I've mentioned this before, but the risk-off weekend correction is quite normal for #bitcoin .
It's a Monday, nothing bad has happened, so the risk-on appetite comes back.
Great bounce upwards, and lower timeframe uptrend is clearly here.
Last week, I posted that:
- VIX down
- Gold volatility down
= likely more inflow in $BTC ETF
Inflow last week: $1 billion
I think we'll see an even stronger week this week, as it's clearly attacking the highs and looking to break through the crucial resistance zone.
I think that $85-88K is likely in May, if there's no change in geopolitical sense.
Trade #BTC Below:
BTCUSDT
Perp
78,070.7
+0.58%
GUNUSDT
Perp
0.01502
-1.83%
EDUUSDT
Perp
0.04655
+2.66%