BTC/USDT - 1W PA Analysis - Potential Bullish Scenario - 03-03
Updated
Case for the bulls IF BMSB is bested. Hypothesis test due in the following two weeks. If wrong, return to the POC for further consolidation and compression vs. decreasing 20W MA. Alternatively, potential further downside to 27/28K. THIS DOES NOT CONSIDER MACROECONOMIC or WAR-LIKE EVENTS :)
Note
Weekly close above 43.1K is a good perk for the bulls given that it played as resistance for all weekly candles in 2022. Likewise it proved as support for several touchpoints throughout 2021.
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