Given its position as the world’s premier cryptocurrency and its sheer market capitalization, Bitcoin (BTC) has always served, to an extent, as the microcosm of the broader crypto market.
At the very start of June 2024, this does not only still appear true but also looks as though it has expanded as BTC is, at the time of publication, apparently poised both for a deeper crash and a significant surge after a period of relative stagnation and sideways trading.
Indeed, such a sense of a simultaneous boom and bust can be seen across different assets, with the overall economy in a paradoxical state in which fears of a crash are running rampant while most forecasts are remaining very bullish.
When it comes to Bitcoin, at least, technical analysis may finally be able to see past the obstacles and help investors discern what the world’s premier cryptocurrency will do next.
