Bitcoin has returned to its original bottom channel when market access was ambient at best, and hodlers didn’t really care or know much about what the future would hold. For hodlers, only time could tell. Rates were low, technology was transformative and infrastructure cheap. With declining supply and expected increased future demand, hodlers were sure to gamble...
OLB has moved through the 50% Adam retracement level 3 times during Eve. 7 day and 21 day SMAs also angling up, short over long as we push the 78.6% level. Accumulation also building with prior 2 days showing above average volume.
Catalysts are a crypto rally and/or a cut in interest rates.
Stop loss at .80
Target at 3.50
