BTCUSD is up over 25% since the start of the year.
Key notes: - Bitcoin is attempting to break its previous high of $21,500 - Price is above both the 20W SMA and 21W EMA - A test of the Bull Market Support Band is necessary before any presumptions of the bear market bottom can be made
For now, it feels good to be back in the green.. but for how long will this last?
Not bottomed; Way too early to say bulls are back. The bear market isn’t over; because of the Feds still going aggressive, inflation still remains high , soon or late Q4 of 2023 should expect qualitative of easing & tightening.