BTC cant make up its mind
Steadily creeping upwards for months now. BTC has hit the major level around 30k.
This resistance level is psychological (30k), it is the support we found in the summer of 2021 and it is also a .618 FIB level from the top of 2017 to 2019 bottom.
On the weekly BTC has been in an upwards trend (gray trend lines)trading above the Bullmarket support band.
There is a chance we crab more here and pop out to the upside which i believe will lead to 33k first and then 38k. Before that 27k not out of the picture. Break 26k and we see 22k.
Personally i think BTC will ultimately scoop the lower levels near 20-22k but first we need to trap more fomo longs, so move up to the 30s, trap longs, then blackswan/crash before halvening as is tradition.
This resistance level is psychological (30k), it is the support we found in the summer of 2021 and it is also a .618 FIB level from the top of 2017 to 2019 bottom.
On the weekly BTC has been in an upwards trend (gray trend lines)trading above the Bullmarket support band.
There is a chance we crab more here and pop out to the upside which i believe will lead to 33k first and then 38k. Before that 27k not out of the picture. Break 26k and we see 22k.
Personally i think BTC will ultimately scoop the lower levels near 20-22k but first we need to trap more fomo longs, so move up to the 30s, trap longs, then blackswan/crash before halvening as is tradition.
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