Some people thought that we could have a fractal similar to the past dead cat bounce scenario and go down to the 0.382 or even lower, but this does not look like in the past, as we don´t have the huge weekly bearish divergence in RSI that we had.
Therefore, I think we still need to retest the area of 0.618, that we passed like butter, or even close to the 0.5, to continue the uptrend. We should probably retest the area of 37.2K where the top level of the monthly CPR is located.
No one imagine a swan event in Christmas, but in 2024, we don´t know. Maybe we have something ocurring.
The price increase from the ETF posible approval is already included since the first news ocurred, and now the increase should come from investors putting their money in there.
Therefore, I think we still need to retest the area of 0.618, that we passed like butter, or even close to the 0.5, to continue the uptrend. We should probably retest the area of 37.2K where the top level of the monthly CPR is located.
No one imagine a swan event in Christmas, but in 2024, we don´t know. Maybe we have something ocurring.
The price increase from the ETF posible approval is already included since the first news ocurred, and now the increase should come from investors putting their money in there.