BTC: Macro View
Updated
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I’ve got some bad news for those who are still hoping to buy BTC below 6k
200-Week MA is currently at 6.3k
The fact is that Bitcoin has never broken down the 200-Week MA
Moreover, 200-Week MA has never had a negative slope! Now it’s increasing by $50 every week, which means that in September it will be above 6.5k
The multi year downtrend is broken + block reward halved this year
Guys, aim at the Moon for the coming years!
BTC Monthly
Last month we got the Second Highest Monthly Close in Bitcoin History!
This is Huge
So, the Weekly is not so bullish as the Monthly. We still have to close above the Major Resistance Level - 11.6-12k. If we do, next Target would be the 1.618 Fib extension at 13.7k which lines up with the monthly Macro Target
What do you think about it? Share your thoughts in the comments!
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates
The information given is never financial advice. Always do your own research
I’ve got some bad news for those who are still hoping to buy BTC below 6k
200-Week MA is currently at 6.3k
The fact is that Bitcoin has never broken down the 200-Week MA
Moreover, 200-Week MA has never had a negative slope! Now it’s increasing by $50 every week, which means that in September it will be above 6.5k
The multi year downtrend is broken + block reward halved this year
Guys, aim at the Moon for the coming years!
BTC Monthly
Last month we got the Second Highest Monthly Close in Bitcoin History!
This is Huge
So, the Weekly is not so bullish as the Monthly. We still have to close above the Major Resistance Level - 11.6-12k. If we do, next Target would be the 1.618 Fib extension at 13.7k which lines up with the monthly Macro Target
What do you think about it? Share your thoughts in the comments!
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates
The information given is never financial advice. Always do your own research
Note
Target Reached! Profit 18% without leverage Note
Target reached! Profit 18% without leverage Note
Target reached! Profit 62% without leverage
P.S. Next Fib extension level (3.618 Fib) is at 24k
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🚀💰 REGISTER HERE AND GET UP TO $30,000 WELCOME BONUS -> partner.bybit.com/b/cryptobullet
Twitter link: twitter.com/CryptoBullet1
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