BTC bullish to 28.3k?

18 thg 3, 2023

BTC is in a minor consolidation on declining volume about to move to what looks like 28.3k We are above 25k which is a major resistance level. I think 30k is really likely at this point. The banks failing has been really good for BTC really. The whole point of BTC is to be your own bank so to avoid a crisis like this. These bank collapse have only made the case for crypto even stronger leading to very bullish price action. If this pattern fails however, I will look for 26.3k

19 thg 3, 2023

Ghi chú

UPDATE: THis pattern broke down and got just short of the down side target. the pattern has played out. However, we are still consolidating

19 thg 3, 2023

Ghi chú

NEW SETUP: although we broke down from the previous setup, we have formed a more major consolidation that I am anticipating for a move to 28.7k. If this pattern breaks down, I will look for 25.7k. I am bullish on this consolidation

19 thg 3, 2023

Ghi chú

BREAK OUT ACHIEVED ON SPIKE IN BUY VOLUME. still looking for 28.8k but may get front run and sell of a little before