Very little to add on here from my commentary during the week, price is still at $69k now, a price it was also at on the 4th of March, so there is considerable consolidation here.....however it is still impressive considering two significant events happened since then: $BTC ETF approval in the US and Hong Kong, and also the halving event too, which is usually met with a decline shortly afterwards before going higher.
I would prefer to see $BTC complete its ABC correction now and not align with the market.....we have been seeing some disconnect recently, both the $SPY and $QQQ push higher while $BTC lags behind under its ATH line, this is a good sign for $BTC, it is suppose to be a store of value.
AD
2024-06-09 13:09:12 +0000 UTCSteven
2024-06-08 19:51:26 +0000 UTC