Well, the accumulation continues. With Tesla stopping payments in Bitcoin temporarily we saw the crypto market tank as a response.
As I mentioned on my April 23 post regarding BTC, $60k needed to be reclaimed for Bitcoin or else there will be a bigger correction. I change my statement in terms of "bigger correction" since we have formed a falling wedge, you can call it bull flag, etc.
The only tricky part is whether this dip will be the last dip for now or another possible dip to 45k before pushing to 100k.
So far the near term bullish technicals for Bitcoin is still there. Not exactly bearish yet.
As I mentioned on my April 23 post regarding BTC, $60k needed to be reclaimed for Bitcoin or else there will be a bigger correction. I change my statement in terms of "bigger correction" since we have formed a falling wedge, you can call it bull flag, etc.
The only tricky part is whether this dip will be the last dip for now or another possible dip to 45k before pushing to 100k.
So far the near term bullish technicals for Bitcoin is still there. Not exactly bearish yet.
