RE: $HIVE & $BTC Technical Analysis - 08.12.2024
You are viewing a single comment's thread:
Well, everyone is euphoric about $BTC crossing $100k and so many are mentioning really high numbers. However, we have to be realistic. I'm not predicting price, just reading charts and maybe extrapolating using some tools, then see where price go.
What we need to factor in is, that this cycle is not like the previous ones and participants are not the same either. We have institutions buying $BTC, $ETH and other tokens, which is pretty new as they were not participating in previous cycles.
$HIVE is a different animal. As a technical analyst, I can only rely on what the chart tells me, meaning I'm looking at ATH first, and if we get there, then extrapolate the next levels. Will we get a new ATH? No one knows.