Always been pretty vocal that the higher low could be formed anywhere between $70-80k. I still believe we follow this scenario as historically stocks have ALWAYS performed well after mid terms ever since 1942 (that's almost 100 years of accuracy). And crypto does show some confluence at times (stocks really crashing usually takes other markets with it even if it's just short term). So in general we can say (odds and statistics) that this won't be the case at least. So if stocks won't bring us down and we can also objectively say that crypto (especially bitcoin) is in a new uptrend (you can clearly and unbiased see the higher highs in the market again) meaning this is still the most likely scenario to me. If you been here before whether it's 2022-2023 or 2018-2019 you always know that the initial higher high after a bear market is always met with much scepticism and disbelief. So today you will also find plenty of people that expect new lows and that's okay. Nothing is guaranteed ever either in this market. But often when this idea does play out you tend to discover and realize that it was kinda obvious all along which it is at that point in time but it never is before it happens. Today it hasn't happened yet so we are in that phase but overal Bitcoin really isn't in a terrible state despite the recent correction. Remember that we basically went up $30,000 in one single go since the low in July which you can clearly see on the chart below. It was always going to be partially retraced at some point which could be anywhere from 20-70% of that single move if you follow Fibonacci retracements. Aka the $70-80k region to me more or less after reaching $87,000 all the way from $58,000 at the local low.
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