I hope I'm wrong but 4 tests on that weekly RSI trend line and its all over. Bitcoin has thrived during an unprecedented printing and cheap money era. I dont think its mature enough to survive a high inflation/Depression/ potential WW3 era. Our only saving grace would be if it were to suddenly become a hedge like Gold, instead of a highly speculative asset....
I think we are at the launch pad loading the FIRST CLASS HODLers into the Rocket Ship at the moment. All the Idiots will FOMO in when the Rocket Ship slams its door closed ready for lift off. Unfortunately the Idiots wont even be allowed Coach tickets, they will have to settle for gripping onto the Rocket Ship with their WEAK hands, only to be BURNED by the FLAMES...
If this breaks I rekon were looking at 34k. If it gets rejected 11k bounce.
We are due a nice pump followed by some sideways movement for a few months.