Month: October 2021

The overall sentiment still remains bullish even though, the BTC price dropped about 13% from its all-time high recently. So our thesis and caution paid off, as we saw this dip coming well ahead of time.

It’s another week of excitement as BTC continues its monster rally, having recorded an all-time high of $67k surpassing its initial ATH. This analysis covers where we stand in the 4-year cycle, as it’s beginning to yield dividends from our hodl & trading positions.

Those periods of consolidation and pullbacks to retest underlying support have paid-off in boosting the upward strength as we’re about to enter the next leg of the uptrend to $64,500 -$72,000.

A bearish start of the week indicating that bears are active at higher levels. We may be expecting another leg down in the short term as Bitcoin is still meeting strong sell pressure near the key resistance levels. This move showed weakness, as there wasn’t any sign of whales stepping in for more upside.