In this chart we see direct Bitcoin comparison against M1 money supply. Never broke the ATH and is currently sitting at a wide technical support level.
There is a important resistance range at 3.24 and secondary support level at 1.25.
There is a important resistance range at 3.24 and secondary support level at 1.25.
Trade closed manually
Weekly volumes are looking poor. Still good time to DCA but to be careful at these levels. I think we will see new lower lows unless bitcoin regain above 47 and sustain. Trading bellow 35k and we will see sub 28k prices.
D7R
Related publications
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.