Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions. Is the retracment over? Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.
Not so fast.
The volume and demand aren't that high to support a continuous price increase so I guess another correction may take place. Mid to high volatility can be observed in the market right now and I am choosing to wait for further market confirmation. If its market value will be able to break $64.7k today, then there's a chance for its price to continue reaching $70k mark once again. It is still too early for bullrun to happen because its just been weeks after the halving. Investors basically took profit of their holdings which triggered a deep decline on its market value. Chances are high that it will be able to recover but if it is surpassing the ATH this month, is still not possible at this moment.