The price is currently consolidating following a significant spike and subsequent pullback. The current structure appears to be in a base-building phase rather than establishing a definitive trend.
Market Bias: Cautiously Bullish (considering a range breakout strategy) Momentum indicators are situated in the mid-zone, indicating potential accumulation, although a strong impulse has yet to materialize.
The optimal strategy at this juncture is to exercise patience. It is advisable to consider buying near support levels rather than in the middle of the range.
Should the price break and close above 0.18 with accompanying volume, a momentum trade will become a viable opportunity. Conversely, if the price breaks below 0.145, it would be prudent to step back from trading.
As $BTC dips below the $90k mark, "Digital Gold" is getting a lesson from the original. Gold just smashed a new ATH of $5,350, pushing its market cap past a monstrous $35 trillion.
Investors are fleeing USD and bonds like a sinking ship, driving Gold up 22% this year. With trust in fiat hitting rock bottom, $6k isn't just a meme anymore - it’s the target.
Is the "Boomer Rock" finally outperforming our bags? If the dollar continues its death spiral, $5.4k was just the warm-up.