Rejection, or Explosion?
Bitcoin Data Newsletter Premium
Hello friends!
For the past 2 weeks, Bitcoin has continued to trade against the stonewall resistance of 31k.
Briefly, price was able to make some new yearly highs that peaked at about $31,500. The moment was quickly vanquished as Bitcoin retraced most of those gains from the surge and returned to the range.
As price stays constricted, crypto Twitter analysts have fought to make sense of it. Some remain sidelined in thought until Bitcoin breaks out of the range, but many more seem to be hedging their bets and foretelling another pullback before price is able to go higher.
This newsletter will be about trying to determine the truth of the situation, should we join the others and be wary of impending correction? Or is now the time to start preparing for an explosion upwards though the price resistance wall?
As always, we will be analyzing many angles to come to the best conclusion.
We also need to talk about Altcoins… some large cap Altcoins have finally started to see some recovery. Is now the time to buy? Or wait for further correction….
All to be discussed and more. Let’s get started!
In This Newsletter…
Market Psychology - Why is everyone bearish?
Data Analysis - Does long-term data have insight to the short term?
Altcoin Market - Should I buy Altcoins now, or wait?
What Should You Do? - Reaccommodating my buying stance