BTC - Possibilities for This Week
Note this is the BTC/M2 Money Supply adjusted chart.
We got a nice green BTC candle, but are still fighting a key resistance [purple].
A few outcomes:
1. retrace & bullish consolidation >
27K
2. healthy retrace to 38 fib or 50 fib & 20/21w MAs
3. bullish breakout [weekly close >
31K]
4. bearish breakdown [weekly close <
23K]
We got a nice green BTC candle, but are still fighting a key resistance [purple].
A few outcomes:
1. retrace & bullish consolidation >
27K2. healthy retrace to 38 fib or 50 fib & 20/21w MAs
3. bullish breakout [weekly close >
31K]4. bearish breakdown [weekly close <
23K]
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