Orriginal

#Bitcoin Weekly USDT UPDATE

BINANCE:BTCUSDT   Bitcoin / TetherUS
#Bitcoin Weekly
1st thing this chart shows you is that PA HAS to make a Choice by Mid April as it gets squeezed by 2 powerful Trendlines
confluence with DXY chart - possible rejection for BTC then
Leaving the -29% marker in as still a possibility
As we all know, we are in a period of time where anything can happen and I am certain, as it makes good business sense, that the TradFi will do its best to weaken the 1st Crypto, Bitcoin, bty any means. The amount of money lost to Crypto right now it measured by the TOTAL Cap which is at $1 Trillion
TradFi is NOT going to let that go easily...........
Watch DXY and SEC and FED closely
Until then, we can see MACD, RSI still has plenty of Room and the Mayer Multiple is rising nicely....shows Accumulation and better sentiment
Despite what I say, I am BERY BULLISH on BTC and I see 2024 as the year of a New ATH, though later '23 could also see some strong gains after a pull back
Then again, I may be completely Wrong.. Lets see

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.