Note this is the BTC/M2 Money Supply adjusted chart.
We got a nice green BTC candle, but are still fighting a key resistance .
A few outcomes:
1. retrace & bullish consolidation >
27K
2. healthy retrace to 38 fib or 50 fib & 20/21w MAs
3. bullish breakout [weekly close >
31K
]
4. bearish breakdown [weekly close <
23K
]
We got a nice green BTC candle, but are still fighting a key resistance .
A few outcomes:
1. retrace & bullish consolidation >
27K
2. healthy retrace to 38 fib or 50 fib & 20/21w MAs
3. bullish breakout [weekly close >
31K
] 4. bearish breakdown [weekly close <
23K
]