2.5 years volume profile on weekly graph shows us that we broke out to the upside through it and now retesting supply exactly at the POC (Point of Control), so I would be silly for not trying to long some Bitcoin here. However I am not a completely bullish (short term) as of yet, because...
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It is also important to take into account weekly 21EMA and 20MA cross, which is historically a bullish sign for Bitcoin
Insiders throwing us off. I'm bullish. It just doesn't have much downside compared to upside.
Agent_Smith_
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@B166ERcrypto, I got to agree with the first part of your comment
B166ERcrypto
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@Agent_Smith_, I give the parabolic adoption curve a lot of weight. It's never been broken and has thousands of data points over 10 years. It's the most rock solid trend in Bitcoin. It's the line in the sand for me when it comes to bullish/bearish. Using that trend as a guide and the fact that whales have slurped up most of the new supply of bitcoin during the crypto winter then you have a scenario which they are accumulating now and when they are ready they will mark the price up. That curve...it's the most important trend in crypto. Everything above that line is Insider shenanigans.