This current price range is incredibly frustrating. When are we going to break upwards?
Obviously PlanB & his 98k is dead in the ground but this is supposed to be getting close to peak bull season. We really need to start moving up in the next week or so.
I hear ya. I still think we will go to the support line of the up channel first. Currently about 53k but probably 55k if it gets hit say on the weekend. A lot of people are calling for 53k so I don't think we'll hit it. If we get down there and if we don't bounce I'd be pretty surprised especially since on-chain data is still bullish.
https://twitter.com/WClementeIII/status/1461187861831634945Large uptick in supply moving to entities with little selling history today.
In other words, strong hands are buying the dip.
https://twitter.com/WClementeIII/status/1461117124538245126Short-term holder realized price (cost basis) has been a very interesting level that Bitcoin price has historically interacted with. This has served as a floor during bull markets.
Currently sits at $53K.