Bitcoin has tested 40k many times today and has been rejected every time. Very strong resistance. It was channeling upward for the last few hours leading up to this 40k resistance, channel merging into a rising wedge. This is making me think that if it cannot break 40k here then it will take another dive. Multiple previous areas of support along the way down to...
A few months ago I made this chart for fun just to see if BTC follows any pattern based on the new moon (pink vertical lines) and full moon (blue vertical lines). To my great surprise there has been a trend and it is holding strong
-BTC typically peaks after the full moon into the new moon
-Almost every cycle, a few days after the new moon bitcoin drops about 20%...
