Athena Index score: pending/100
If it does, a move back towards $3,900 to $5,000 is on the table.
Okay, a close above that and you're looking at around a resistance of $450 to $500.
If TA holds above the 200 EMA at $268 and can push back above $350 to $360, which was previous support, that's a trend reversal signal.
Bitcoin is sitting around $69,000. Sitting right above a main support level around $58,000 to $60,000.
If it doesn't, $1,500 comes into play, and that would be a new cycle low.
If you're worried about downside, $245 to $250 is your line in the sand.
If it loses the 200 EMA, then $200 is the next area of interest.
expect a test of that $58,000 to $60,000 support.
capital flowing out of traditional safe havens
They're having a hard time pushing the price of oil under $100 a barrel.
So we need to see Bitcoin build a base above $69,000 over the coming weeks, not just a wick into it and bounce up.
if The US strategic Bitcoin reserve happens, prepare for 7 figure Bitcoin.
if the SEC commissioner goes away, then we'll have $500,000 Bitcoin, a million dollar Bitcoin.
if we have the ETFs passed, we're gonna have million dollar Bitcoin.
Bernstein... says this could be the most consequential cycle for Bitcoin long term.
When Bitcoin moves off exchanges, it means holders are taking self custody. They're not preparing to sell. They're preparing to hold.
I think that we are going to see the price of Bitcoin probably in the low 50s, maybe high 40s
why Bitcoin is going to absolutely skyrocket next bull market
Successful retest would likely proceed a local top for Bitcoin's price action
if Bitcoin does what it has always done in the past, that means we could it be in for one more giant flush to the high 40s