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#Bitcoin 1D 👀
In recent days, with Bitcoin:native’s nonstop decline, while people are flying around with targets of $20,000–$30,000, I decided to do a rational technical review of Bitcoin.
Technically, BTC has formed a price structure that isn’t too bad at all. With the break of the downtrend that occurred on April 13 and, today, the completion of the downtrend retest, we can comfortably set a new ATH target in the medium term.
The only question mark I have is that the negative news flow on the fundamentals side still hasn’t stopped. As the ABD shifts back to a tight monetary policy, and the Iran-ABD and fake Israel war reignites again, globally, liquidity is moving away from risky assets—therefore, we have been seeing outflows from risky assets like cryptocurrencies for months.
My overall view is that by the end of the year, the bad news flow will stop and capital will flow back into crypto. I expect a jump above $100,000 in November.