Any $BTC posts you see whether bullish or bearish is pointless currently, cause its all speculation. As far as we all know the halving is already priced in and we most likely wont see a rise again until may.
But this also places an issue for the miners as they currently are holding a huge supply of BTC and needed the market price to be atleast 80k to be able to sell while still scoring a profit. They'd be lucky to break even at 71k now. Thus, even if BTC recovers, it will go back down just as quickly once the miners unload an estimated $5B worth of BTC. So even 80k is no longer a possible target in this phase of the cycle.
Like i said in my previous post, your best option now is to sit and watch while the big boys play. The market is currently run by whale manipulation, panic sellers, and emotional manipulatin. This is a prime shakeout thats being orchestrated to allow time for whales and institutions to accumulate more BTC before the real rally that will happen around August this year all the way to December where we will most definitely see a 100k target.
I'll also let you in on an interesting insight. You've most likely seen that the number of whale wallets holding BTC slowly dwindled in the last 2 months. Currently that decline has stopped and we may soon see them increase again. They planned this well, shaving off profits at the top, then inducing a market fear and a bearish sentiment to later acquire more before the real bull market. What we've seen so far historically has not happened before and its the first time we see a rally start months ahead of the halving, not to mention achieving new ATHs too.
BTC finally tested the 59k support (which has risen from the 58k level in the last week following an exponential rise in all EMAs). We've seen it hold strong, but even when the bulls emerge again and show some muscle driving the price above the 63k resistance, the bears still get the uperhand and drive the price to newer lows. Trading is not safe. And if you bought at high prices, no matter what happens, even if BTC drops to 48k, just HODL.
