BTCUSDT $51700 Weekly Update Feb 25 2024 W#9A
BTCUSDT is printing another bull flag on the lower degree.
If the breakout continues, 57-85k still remains the next target resistance for another Consolidation.
Macd is flipping back positive & the RSI looks to be reset.
If the bull flag fails to breakout, price has support at 49-48k or the 6H100, which is at the moment the same as the D21ema
A bitcoin consolidation could result in alts breakout continuation.
Note that alts are looking really promising on the W up to the Q time frame.
Therefore, the next 12-16M is the macro bull run we have been anticipating after alts went on a 2.0-2.5years of downtrend (Since May 2021).
BTCUSDT is printing another bull flag on the lower degree.
If the breakout continues, 57-85k still remains the next target resistance for another Consolidation.
Macd is flipping back positive & the RSI looks to be reset.
If the bull flag fails to breakout, price has support at 49-48k or the 6H100, which is at the moment the same as the D21ema
A bitcoin consolidation could result in alts breakout continuation.
Note that alts are looking really promising on the W up to the Q time frame.
Therefore, the next 12-16M is the macro bull run we have been anticipating after alts went on a 2.0-2.5years of downtrend (Since May 2021).
