Today’s move probably spooked a couple of you and got you worrying that maybe BTC is turning the other way. The drop we saw was expected, and I published this in my group yesterday as the absolute bottom potential for BTC to drop before it can go up again. We reached that level today with high volume . High volume is a great sign. During the most recent wave down, I see very high bullish momentum hidden within this wave. With the very low volume at the top, the recent top will break, and the price will make its way to $43.7k.

If we break through 43.7k, we will see very high volume coming in. This high volume comes from the traders sitting on the sideline, and fear of missing out and greed will drive the next wave. However, from $43.7k, it’s very likely for the price to drop and retest the lows to build up more momentum.

BTC is a driver of all the altcoins. There are many opportunities in this space. Especially the idea I posted yesterday for UMA has a high likelihood of following.

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