Bitcoin is trending nicely breaking from the 21.8 S/R level.
If momentum is to continue I am expecting a visit into the 28-31 yearly open range.
However important to note there is some resistance building up into the 25k
If we see some pullback from here ideally best places with compelling risk/reward entries with tight stops would be around 21.9 or at 20 as I explain in the video.
In this video i also covered a heatmap of unmoved UTXO set in the Bitcoin blockchain where we can note several clusters of UTXOS that still unmoved since 2018 market stop and 2021.
If momentum is to continue I am expecting a visit into the 28-31 yearly open range.
However important to note there is some resistance building up into the 25k
If we see some pullback from here ideally best places with compelling risk/reward entries with tight stops would be around 21.9 or at 20 as I explain in the video.
In this video i also covered a heatmap of unmoved UTXO set in the Bitcoin blockchain where we can note several clusters of UTXOS that still unmoved since 2018 market stop and 2021.
D7R