$BTC is looking a little too comfortable again
We bounced hard from the lows, sentiment flipped bullish and suddenly everyone thinks the bottom is in
I’m not convinced
The last few times we saw this structure, BTC eventually gave back around 30%
If it happens again, $54K comes into play
My path is still:
77k → 82k → 70k → 60k → 54k
Wouldn’t be surprised if the market makes everyone bullish first
We bounced hard from the lows, sentiment flipped bullish and suddenly everyone thinks the bottom is in
I’m not convinced
The last few times we saw this structure, BTC eventually gave back around 30%
If it happens again, $54K comes into play
My path is still:
77k → 82k → 70k → 60k → 54k
Wouldn’t be surprised if the market makes everyone bullish first