After Bitcoin broke it's previous ATH we saw a steep correction. This was due to many factors like the sale of nearly 4k BTC, the S&P 500's downtrend, Evergande's recent default, the new variation of the bug, and recent regulatory/taxing decisions made by the United States government on crypto. Since then we saw a strong recovery from the S&P 500 after bouncing off its 100 Day MA and breaking past its resistance at 4657. This brought enough confidence into the market for BTC's moon mission to continue. Why am I so convinced? Check this out. Here we have BTC on the weekly. A clear line of resistance can be seen followed by a breakout, then retest. The same goes for the RSI.
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