The monthly $BTC chart continues to look very healthy, despite the recent correction.
The macro structure does not appear to me to have been compromised. We’ve seen a significant correction, a test of a key demand zone and an interesting reaction from buyers.
Personally, I regard these levels as a good opportunity to start accumulating, with a potential return of 20–30 per cent should the price recover towards 95–100K.
Obviously, I do not expect a linear rise. We may continue to consolidate and see further volatility, but as long as the monthly structure remains intact, I will maintain a constructive outlook.
The best opportunities often arise when the market is dominated by fear, not by euphoria.
$BTC
The macro structure does not appear to me to have been compromised. We’ve seen a significant correction, a test of a key demand zone and an interesting reaction from buyers.
Personally, I regard these levels as a good opportunity to start accumulating, with a potential return of 20–30 per cent should the price recover towards 95–100K.
Obviously, I do not expect a linear rise. We may continue to consolidate and see further volatility, but as long as the monthly structure remains intact, I will maintain a constructive outlook.
The best opportunities often arise when the market is dominated by fear, not by euphoria.
$BTC
