Note this is the BTC/M2 Money Supply adjusted chart.
We got a nice green BTC candle, but are still fighting a key resistance .
A few outcomes:
1. retrace & bullish consolidation > 27K
2. healthy retrace to 38 fib or 50 fib & 20/21w MAs
3. bullish breakout [weekly close > 31K ]
4. bearish breakdown [weekly close < 23K ]
We got a nice green BTC candle, but are still fighting a key resistance .
A few outcomes:
1. retrace & bullish consolidation > 27K
2. healthy retrace to 38 fib or 50 fib & 20/21w MAs
3. bullish breakout [weekly close > 31K ]
4. bearish breakdown [weekly close < 23K ]