BTCUSDT Analysis by @cryptocurrentlyYT

Bitcoin is likely to trade back below 90K due to euphoria and risk taking. Bitcoin could revisit the mid 70,000s due to the 50-week moving average. It is unlikely that Bitcoin would go back to the 60,000s on this correction because price loves to front run that area, and it loves to front run the 40,000s and 20,000s on corrections. Bitcoin is back to following the early cycle scenario, and it will peak this cycle. A normal cycle scenario is also possible.Sentiment is recovering, and the coin market cap fear and greed index is back in the neutral region. Bitcoin is heading to 100k, but bears are scrambling to cover short positions. Markets always bottom when things look the absolute worst.The new SEC chairman and the Federal Reserve withdrawing their crypto-unfriendly banking guidance. Global liquidity is going up and USD is going to the ground.The charts look quite bullish, I’m reminded that I should target a 20-30% gain and move to cash. The goal is to optimize a balance with the portfolio between 70 and 80% spot holdings.