As of this week, BTC has produced 8 green weeks in a row. The last time that this has occurred was during the heights of the 2017 bull-market and took us from 1100$ to 2900$. Seeing that the 'real' bull market hasn't even started yet, these 8 green weeks are impressive to say the least.
However, in 2017 we saw a sharp 40% drop after these 8 weeks. I doubt that we're going to experience a 40% drop in the near future, but some kind of correction is to be expected from a technical point of view.
Like said in my previous analyses, my target for 2023 remains at 48k.
However, in 2017 we saw a sharp 40% drop after these 8 weeks. I doubt that we're going to experience a 40% drop in the near future, but some kind of correction is to be expected from a technical point of view.
Like said in my previous analyses, my target for 2023 remains at 48k.
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