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Below, I have re-printed the chart I published on Twitter depicting this potential path forward, with a 38% dip from $47k taking us back into $29k before continuation. If we fail to push that high before we dip, I could conceivably see a retest of the previous all-time high at $20,000 occurring, but it would almost inevitably be front-run, as so many on the sidelines will be waiting for that opportunity, buy polkadot in australia with poli. In short, the trend is as strong as it has ever been and Bitcoin looks set to remain in price discovery for at least the first half of 2021. Turning finally to the daily chart, we can see just how strong that trend has been since October, with small 8-15% dips being greedily absorbed all the way up.
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Top 30 coins at 2021-07-29 09:10:07
↗️+0.28 Bitcoin BTC $40010.9 $751001538635
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↘️-0.01 Tether USDT $1 $61823912045
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Market capitalization: $ 1551 billion (+ 5.4%) 🔺 (against $ 1512 billion yesterday morning).
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