Market Update Part 1

Full Term Scenario

Bitcoin - whats next ?

After predicting the dump from $29.500, giving several warnings not to take early short profits in the region of 27k, my final target of $26.100 is finally hit today. So whats next ?

The mother of all decisions:

Bitcoin took all the $300bn worth of liquidity in the region of 26k and kissed MA200 (Weekly) at the same time. This is exactly what I looked for. However, now things will turn interesting.

Bitcoin NEEDS to hold above MA200 (Weekly) which is currently at $26.100 to continue its "bullish rallye". Otherwise, once losing it, we can expect to see $24.700 which would bring us perfectly to EMA200 (Daily). Between MA200 - and EMA200 a huge liquidity pool containing $300bn worth of liquidity can also be spotted there.