RE: A Quick Look At The Crypto Market - 21/05/25
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Its happening now, that is for sure!
I do think BTC.D can go much higher, around 21/22 I set ~65-75% as a target, basically based on Bitcoin itself.
Right now ATH seems inevitable, but of course if we get a recjection below, the whole structure will change.
What if we peek a little above, but get no real surge? Then at least I will spend a day or two checking if we might have a second double top, in which case I'll act on that...
I do think we get a surge, maybe to ~115-120k, the structure that builds after that is what will hint at going much higher, of if the whole cycle phenomena might have changed, along with global adoption, possible capture and so on.
Lots of decisions to get right the next days, weeks and months for sure!
Indeed, exiting day ahead (or a week). Now we saw a pullback but as long as BTC can hold it as a higher low, the structure remains valid. Also, I think the longer BTC consolidates and gather strength under the ATH, the more sustainable surge up will be. I'll rather take that than a quick spike.
Macro also looks good, not much FUD recently, stablecoin bill passed, etc.
I'm bullish on this one!
Thanks for the comment, btw! This was only my second TA post and planning on doing these on regular basis and really appriciate good comments! 🙏