This is how is going to play out until the end of the year for various reasons:
Once the hashrate is back to previous levels and all the previous points are resolved, it'll hit new ATH.
Chill and be prepared to stack.
Edit: Check my previous published idea from a year ago.
- Volume is decreasing
- Regulations
- Stablecoins like Tether are under scrutiny
- Mining moving away from China
- CME gap at 18K
Once the hashrate is back to previous levels and all the previous points are resolved, it'll hit new ATH.
Chill and be prepared to stack.
Edit: Check my previous published idea from a year ago.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.