100k BTC Psyche Region
2024-12-10

Can't say I know the absolute direction here, but noticing some patterns including fundamental developments, here's some observations:
Technical:
-Doji's on the monthly in the has shown positive following candle
-Psychological 100k resistance is expected, potential breather to tap previous supports
-Volume has been decreasing as the rally has manifested as major players entered at the 20-30ks after the 2021-2022 excitement

Profit taking may happen, tho as per 3's, if a Doji symbolizes a change in trend and it hasn't happened twice now, the 3rd time might be the one for a correction to previous psychological values like 80k before buyers return.

Fundamentals:
-Inflation has re-emerged in global economies sparking concern for hedges against rapid inflation in the future, so this value will be extremely giving of the direction in crypto
-Financial Institutions have started piling into XRP, BTC, and other cryptos so demand still exists not just in the retail sector but now the multi-billion dollar business market.
-As per previous Idea's money velocity, treasuries, and other inflationary concepts tend to guide crypto in a specific manner independent to their fundamentals.
-Rotations can happen in all sectors including Equities: Large cap to Small cap as well as crypto, BTC/ETH to Altcoins. Naturally a release of liquidity is necessary in order to rotate from one to the other so drops can happen before rotations commence.

Overall Fundamentals > Technical so I lean towards a more bullish expectation on the Doji candle, at around a 70-80% chance considering especially institutional liquidity entering crypto and inflation motivating retail to get crypto. Tho i do not disqualify technicals manifesting due to human psychology following patterns and the natural habits of people and algo's constructed by humans.

Waveforms of both emotions and markets are hand in hand like peanut butter jelly, underestimating how connected our expectations of trends are and how they manifest from said manifestations. On top the roller coaster of life tends to pull us around up and down, we don't go up forever, and neither do we go down, tho it sure does feel like it when emotions and adrenaline pulses through our body during the moments of euphoria or dread.

Stay rational, Stay frosty, Good luck!