Nice rallye lately but…
The past three weeks we have seen quite a recovery rallye in Bitcoin, rising from 52k back to 64k, but…nothing has changed in the bigger picture. We are still seeing a corrective falling wedge pattern on the weekly chart.
If we can climb above 65k sustainably, then we are back in bull mode and the next target is 70k+ and new ATHs. Hopefully this will happen in the coming weeks.
Fundamentally there’s good reasons that the chance is real. ETF inflows are coming back and the seasonality will change soon with October beeing historically one of the best months for Bitcoin throughout a year.
Fingers crossed guys!
