BitcoinLong
Bitcoin Break Out Incomming?
BTC Daily Chart showing extreme resilience in the face of the "end of crypto" news and attacks on the industry.
I think this is just the second pull back of a large weekly move.
23k-25k is the .50 fib retracement from 31K. The 200 Weekly Moving Average has been broken but I wouldn't be surprised if its a false break. The daily chart is displaying a beautiful falling wedge which in BTC has a 60% chance of a break to the upside.
I am not going to get bearish until 22.5K is lost and flipped resistance which is the POC for the previous weekly wave high.
I think this is just the second pull back of a large weekly move.
23k-25k is the .50 fib retracement from 31K. The 200 Weekly Moving Average has been broken but I wouldn't be surprised if its a false break. The daily chart is displaying a beautiful falling wedge which in BTC has a 60% chance of a break to the upside.
I am not going to get bearish until 22.5K is lost and flipped resistance which is the POC for the previous weekly wave high.
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