Bitcoin Monthly Chart Doesn't Instill Optimism

View this thread on: d.buzz | hive.blog | peakd.com | ecency.com
·@scaredycatguide·
0.000 HBD
Bitcoin Monthly Chart Doesn't Instill Optimism
This year is going to end up being one of the most interesting years in crypto, in my opinion.

There has basically always been a bull run following a halving over the course of the next 12 months.

However, this time around we have had quite a nice run leading into it thanks to the ETF approvals.

Also, when I look at the monthly bitcoin chart it is starting to look like tops of the past or atleast a temporary top before the actual top comes in.

#### Take a look at what I mean....

 https://img.inleo.io/DQmWm77edjgPFsQNTcYWAYgvoD6eaKEBM4hoFKH4bmVpKeq/image.png 

Granted this bull market doesn't need to be like the last one (or one before) but so far we have had the same multi-month run up with no red monthly candle until things ran out of gas and we got that first red candle month.

Now, we still have 2 weeks left in this month and the halving happening Friday so anything goes.

I'm not jumping to any conclusions atleast until then, but if we don't rally seen we may very well see a steep pullback before the last rally to new highs for this bull run or maybe no new high at all.

I'm certainly not ready for this bull market to end.

Posted Using [InLeo Alpha](https://inleo.io/@scaredycatguide/bitcoin-monthly-chart-doesnt-instill-optimism)
👍 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,