Bitcoin Breaks to 18 Month Highs
$BTC
Last $BTC related post -
It can happen this fast with BTC. There were some notable levels along the way, but if you were playing even the $31/32 as I was, you’re now staring at a pretty rapid 25% gain. The price levels are pretty well defined from here, and it’s reasonable to expect some congestion here in the $40-45K range if you just look left on the chart.
I think it becomes a little more difficult from here, and for me, trading in and out will be more a function of looking at shorter time frames, unless something meaningful changes (which is always on the table with bitcoin).
I’m still more constructive on ETH at current price levels. As mentioned recently - https://732charts.substack.com/p/diversifying-into-ethereum
Looking for a little more room to run still on this one.