ðĨ Bitcoin Killed The Bears: Big Push Coming!
After being bearish over the last two months, I've switched my bias to neutrally bullish. The main idea behind my bearish bias was the fact that BTC reversed from the top resistance of the parallel channel. That, combined with pre-halving years being 50/50 green and red, made me think there was more in it for the bears.
However, I always wrote that a bullish break out through the top resistance would be an indication of strength, hence the switch to a more bullish outlook.
For now, the 2023 top of 31.800 is the target to beat (yellow). A push through there could result in a new prolonged bullish trend towards the 40k area or even higher.
Things are looking much better than last month. Time will tell.
However, I always wrote that a bullish break out through the top resistance would be an indication of strength, hence the switch to a more bullish outlook.
For now, the 2023 top of 31.800 is the target to beat (yellow). A push through there could result in a new prolonged bullish trend towards the 40k area or even higher.
Things are looking much better than last month. Time will tell.
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