BTC: What's Next?

Every time I write, I apologise for not writing regularly. My reason for not writing is YouTube. I have found that I can make videos that explain my point spontaneously. Writing means careful thought - I am not complaining about that. Please feel free to check my channel @nosacapital.

Bitcoin has seen a rise recently. And, of course, punditry is already spewing a $150k price range or more. I believe people need to calm down. One place to look is the current price action. The price, as of the time of writing, was $95206. While this is encouraging, BTC must break the $99k range before anything exciting happens. Here is why: first, we see an area of supply on the charts. Second, there is a confluence between the area of supply, the POC (point of control), and the Fibonacci retracements. Third, the BTC price action has trended sideways for the last seven days. In other words, the BTC price must exceed $99.6k before we expect an extended price rise.

We will all need a lot of patience, vigilance, and discipline to keep us focused while we wait. Always remember, in crypto, change happens suddenly without warning. And as to when things might change, your guess is as good as mine.

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