onchain metrics suggest supply shock is in like in march last year
CFcryptoTA
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@AntonioFarigu, Hi Antonio. Thank you for the comment. Yes i see 44 k in the short term, we are now testing the bottom of the flag (parallel line to the top one in the chart). We have a golden cross on the 4h timeframe. If the daily close as per now we then may retest the 36 k as we are forming a evening start if it close at this level. But overall i see btc at 54k. As you pointed out, on chain looks prime and the weekly frame is bullish. When it will touch 54k, then we may have a major pull back again, but will see when we are there. As per now, I am bullish on 54k. However, I don t think we will have a run-up straight from 42 to 50 as the daily is getting overbought and 43k and 47k are strong resistances.
TF111
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42 to 50 is pretty free from previous price action, I would say once we pop 42, we are going 50