Not gunna pretend to understand.
At least the mempool is threatening to clear up in the next couple days at this rate...
Not meant to be understandable when you are looking at the one-minute candles..
#justsaying
You will thank me later.
Maybe.
Maybe don't get too worked up about "short term" but yeah, the BTC price has Largely been going UPpity since the beginning of the year, so we got in the ballpark of a 60% price appreciation. that might even take us further.. maybe more than 3x from the $15,479 bottom.
At some point, I would dare to say that we are in a "bull market"... however, we are barely dancing with the 200-week moving average currently.. so I am not really quite sure if I am confident enough to presume that either the bottom is in or the bear market is over... How much UP do we need? Hey? I don't know.
But I recall in early 2019, the BTC price moved from 4.2k to $13.88k in a matter of three months, and about half way through that (or maybe less than half way through that), I was willing to start to presume that our earlier bear market was over and the bull market had begun.
In early 2019, the 200-Week moving average was in the lower $3ks, so we had not even breached below the 200-week moving average during that time.. even though we had touched upon it for several months.. .. so maybe a bit of different extreme.. even though maybe there still can be some solace in terms of where we are at now with in the ball park of 60% UPpity (seeming recovery) and seeming ongoing and continuous UPwards price pressures.. and/or failure/refusals to get any significant/meaningful corrections.. even though we did get a 12% correction last week and a bounce back this week...
Who's complaining?
Even if some of us (yours truly) hesitates to use a "bull" (or even bear for that matter) descriptor when we are talking about relatively short dynamics that have not yet been confirmed in terms of where we are at.. currently...