$BTC (1W) – Still following the same path.
A few weeks ago I said I didn’t want you to chase the breakout.
BTC was running straight into $82.5K resistance while the weekly RSI was hitting its long-term downtrend.
Both got rejected.
Now look at the 2022 cycle bottom.
Back then, BTC ran into the previous lower-high resistance around $24.5K, cooled off, formed a higher low and only then broke through.
We’re now at that same point again.
Be prepared for a move lower, but remember what came after last time. 👀
A few weeks ago I said I didn’t want you to chase the breakout.
BTC was running straight into $82.5K resistance while the weekly RSI was hitting its long-term downtrend.
Both got rejected.
Now look at the 2022 cycle bottom.
Back then, BTC ran into the previous lower-high resistance around $24.5K, cooled off, formed a higher low and only then broke through.
We’re now at that same point again.
Be prepared for a move lower, but remember what came after last time. 👀
