(1) 200 ema
(2) 41,950 the January ath acting as heavy resistance / rotation point
(3) rising wedge resistance
Ultimately, I remain bullish for the short term looks like bears would be comfortable to reload here.
A breakout out of these 3 converging resistances would spell out extremely powerful bullish strength and 220k would be all but confirmed for later this year.
Alot of people are mis-interpreting crabbing BTC as bearish when in reality it is neutral/slightly bullish.
We 20x in under a year and have spent the last 3 months sideways consolidating while tagging new all time highs every month. The fact that we aren't at 20k right now is to be taken as a bullish sign.
The S2F model hasn't peaked yet and with the amount of...
This is a hidden beast, debated even publishing this idea cause I don't want people to find out about it just yet.
Notice the consistently higher lows.
Here is the weekly, with pitchfork target.
Here is the BTC pairing.