BTC currently at the cross roads .
* What's the market telling us : *
Growth confirmation at : 43 500 -> untill 44.5k
Brace for impact confirmation at 39 800 -> untill 38k
* Macro economical context : *
War tensions run high geopolitically at the moment.
Inflation is above the exceptations in all developed countries so that could help spark the growth of BTC as store of value against inflation .
America alone suffered $145bn of losses, 2021 was the third-costliest year of weather the country has ever had. The number of events costing $1bn or more annually has steadily risen over past decades
* What's the market telling us : *
- On top we have the Death cross that was formed, yet the bulls still got a grip and manage to stage a push after push towards the 200MA line which once crossed will give us a breakout confirmation and trend reversal.
- 1D RSI offers us a breakout confirmation
- Still missing buying volume for a more healthy growth.
- MACD trend reversal.
- Head & Shoulders pattern can be considered completed or still opened to finish paining the right shoulder deeper.
Growth confirmation at : 43 500 -> untill 44.5k
Brace for impact confirmation at 39 800 -> untill 38k
* Macro economical context : *
War tensions run high geopolitically at the moment.
Inflation is above the exceptations in all developed countries so that could help spark the growth of BTC as store of value against inflation .
America alone suffered $145bn of losses, 2021 was the third-costliest year of weather the country has ever had. The number of events costing $1bn or more annually has steadily risen over past decades