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]
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.