Bitcoin breaking out? Where is the next resistance?

17 thg 3, 2023Bitcoin has been on the move in recent sessions. With the Fed balance sheet expanding by 300B & rates continuing to soften substantially.

Bitcoiners are front running a Fed pivot and buying up this rally.

One thing is for sure their is still major technical resistance up ahead and some consolidation is due.

17 thg 3, 2023

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Once bitcoin hits major resistance we are expecting a larger pullback & consolidation before moving higher. Anyone chasing these levels will likely get a better entry if patience is exercised.