HUGE LEVEL FOR BITCOIN- CRUCIAL DECISION INBOUND!!!!

Bitcoin must reclaim the S/R level (yellow line) now at 26880 and make it support to enter into a new parabolic move.

If BTC fails to do so then 26880 resistance will send it lower..maybe even a Lot lower

This is a VERY CRUCIAL moment for the price action and we will soon know if today's red wick was something similar to November 26th 2020 when the price action had faked a dip and then went parabolic at the same level!

One will say:
2020 was a different scenario.. pandemic, printing and markets were healthy. How about today?
Right, i agree, today is completely different, yes.
Will US default or will they raise the ceiling? Will the banks recover and survive or are they pushing us to a Great 'Reset' and what that will be?
I am afraid i do not know the answers but i know one thing and i speak for myself:

- If situation goes ok markets survive Bitcoin will most likely rise together with indices
- If situation worsens and we go into uncharted waters i feel like i would rather carry Bitcoin as a safe haven, outside the markets and possibly a solution to some major global problems...

In other words, I believe in Bitcoin and you need to ask yourselves if you do so as well.

ps. if this yellow line can't be breached higher soon Bitcoin also runs the risk to see a dip lower, or much lower. This is likely in the scenario of a bad economy (recession, or temporary black swan event like a temporary US default).

One Love,

The FXPROFESSOR