The cloud on the 2 hour chart is thicker than Mrs.Incredible. There is a lot of resistance ahead for BTC. On the 1 hour chart we're above the cloud but not by much. Still this is a positive sign that we're heading in a potentially positive direction. 4 hour and 1 day charts are showing btc far away from the cloud which means more potential resitance ahead. I estimate a week more to go to break the clouds and relieve some of the selling pressure. The ETF decision is on the horizon and the market will factor the price in.
Comment:
What a wonderful sight. BTC is moving powerfully through the 2 hour cloud as the market begins to price in ETF decision. $6400 is the current number to beat. Followed by $6800.