Athena Index score: pending/100
The next logical target, if momentum continues, is the point three eight two at $85,000.
Above $85,000 though, the next fib is the point five at $93,000
and then the point six one eight at just over $100,000.
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.
I wanna discuss Bitcoin going down to $76,000.
Every time the new Fed share was selected, Bitcoin dropped 70 plus percent.
BlackRock and their friends are all buying Bitcoin while retail is completely out.
Bitcoin is in an accumulation phase, in my opinion.
I think a lot of big money is buying Bitcoin right now
There is exactly one form of money that sits entirely outside of this architecture, Bitcoin, held in self custody with your own keys. No counterparty risk, no creditor status to argue about in bankrup
Bitcoin is sitting above a support zone that has mattered all cycle