$BTC sitting right on its Weekly 200MA as this candle closes — five straight weeks now closing within a 4% range of each other. That's tight consolidation by Bitcoin standards.
When $BTC compresses like this, it usually breaks hard in one direction. The 200MA is a meaningful cycle anchor — holding above it mid-cycle is constructive, losing it can flip sentiment fast.
Watch for volume and a decisive close above or below this zone. Coiling this long rarely ends quietly.
When $BTC compresses like this, it usually breaks hard in one direction. The 200MA is a meaningful cycle anchor — holding above it mid-cycle is constructive, losing it can flip sentiment fast.
Watch for volume and a decisive close above or below this zone. Coiling this long rarely ends quietly.