5th green week
What a week, no? Bitcoin is less than a few percentage points away from ATH, up +8% last week, trading at 104k.
If we see a new ATH soon is the big question now. If we cannot make it we will see another big drop imo, since investors will be dissapointed and might loose interest again over the summer. This might lead us down to the seventies, maybe even further down. But if we can break the previous 109k, there is room for price levels of around 120k. Mabye even more if sentiment runs hot again. We will see, it will decide very soon.
Personally I think the chances for new ATHs are better, since we are not overheated yet, many investors still don’t really trust the current rallye imo. Retail is not back yet.
What is your expectation for the next few weeks? ATH or another drop?
