BTC - First Bullish after CPI, next Bearish start of 2023
Updated
Neutral CPI or positive will drive Bitcoin, presuming up to 23100 area. There are a few resistance lines up the way, but we still have two weeks to dig thru those levels.
Technical target fib bases and aligning with this swing low to 23100 brings us 1.618 back to 10500 zone!
Very interesting level to expose again.
Technical target fib bases and aligning with this swing low to 23100 brings us 1.618 back to 10500 zone!
Very interesting level to expose again.
Note
So as per the vertical indication, 3th of January, the move triggered. This was a measured move from previous cycle.The idea remains, but I'm unbiased. Maybe the hammer gave some bear vibes.
23.000USD also has another challenge, the 200 WMA (weekly).
Will post another chart.
Anything is possible.
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