Patience with Bitcoin
It’s a waiting game, guys. After hitting 60k a few weeks ago, we’ve been trading sideways. We haven’t managed a sustainable breakout above 70k, and we haven’t broken down either. In my view, the longer we go without moving higher, the greater the chances of another dip.
The weekly chart doesn’t look bullish to me, and the monthly doesn’t inspire much confidence either. I think we probably need at least a retest of 60k, maybe even a dip into the 50s.
The macro environment is full of FUD right now, things like Iran tensions, inflation, oil prices, and so on, which could push us there in the short term.
If we see 58k or even a bit lower again, that could be another very good opportunity to stack some more sats. Over a 1–2 year horizon, we’ll almost certainly be higher than we are today.
Have you increased your BTC position over the past week? My basic approach remains the same: keep calm and hodl.
