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#BTC
⭐️Not only did we hit the short-term target at 53K, but also broke out of the sideways movement by surpassing the inclined resistance line — BTC surged to 57.2K at the moment ❗️
📈Looking at the long term, there aren't many resistances above, only ATH. The last two extremes are at 65K and 69K.
🪙And although it's obvious that Bitcoin is in a bullish phase, it's worth understanding that buying it today at prices below 69K is the same as buying it below 20K in 2020. There is still room to grow, especially for altcoins that have not yet entered a full-fledged growth stage.
⚠️However, what concerns me the most is the cyclicality and the fact that the main growth occurs only after the BTC halving. Will we see good entry points again? — I'm sure we will, but they won't be the same prices as a year ago.