The overall chart looks great for #Bitcoin.


There's been one event where the markets didn't bottom on the 200-Week MA, that was during the 2022 FTX and Luna saga.
In every occassion, after the bear market has ended (in my thesis that has ended with the low in February), it rallies up to the 50-Week MA and consolidates from there.
In that case, we're still in the middle of the rally and there's still legroom to $93K (that's where it currently stands).
I don't know if this is going to happen immediately, or whether it's going to stall until June or later, it's just merely looking at the charts.
I don't expect new lows on Bitcoin as the bear flag thesis became overcrowded and there are no fundamental reasons to be expecting such thing.
#Altcoins? They remain difficult. We're still early stage, which means that narratives need to be build-up and that means that we'll have selective altcoins do well, end they can quickly lose their momentum after that.
BTC-1.73%
LUNA0.9%
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