Bitcoin and IBIT Blackrock ETF prices are pushing higher showing buyers are back in the game.
But I also think we're hitting the upper range of this trend channel and likely due for a pullback.
The Total Market Cap has a strong resistance area around $1.75T
My thesis is that Bitcion pulls back after this bull trap rally and pushes back towards $38k before resuming the bull run (which would still be in the uptrending channel and bullish market structure).
What are your thoughts?
But I also think we're hitting the upper range of this trend channel and likely due for a pullback.
The Total Market Cap has a strong resistance area around $1.75T
My thesis is that Bitcion pulls back after this bull trap rally and pushes back towards $38k before resuming the bull run (which would still be in the uptrending channel and bullish market structure).
What are your thoughts?
23-year investor, trader, and early investor in Bitcoin & crypto.
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For more information visit:
Moonstream Crypto: www.Moonstream.io/M3
Custom Indicators: www.CryptoMastery.org
Blood in the Streets Report:
www.moonstream.io/report