I found this on trading view:
https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/
So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL.
https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/
So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL.
.. snip ..
We could see an incoming correction due to the fact that prices have risen so consistently over the past weeks, potentially down below $5k as I don't think there is sufficient support there yet. It's only natural that this happens, as price corrections are a matter of time in such instances. But in the medium to long term I think this should be the start of a bull market, and the halving next year will only further the bullishness.
A agree that there will be an incoming correction, no doubt about it. But I'm not seeing that bitcoin is in the overbought zone.
We still can go as high as $56xx and maybe, people will start to think that they need to book some profits as the TA will point that we are not closer or at least in the overbought zone when $56xx is touch, so let's see.