🔥 Bitcoin Has 'No Top,' Because 'Dollar Has No Bottom,' Says Anthony Pompliano: 'The Money Printer Will Never Turn Off' — Pompliano's 'no top' Bitcoin call directly fuels BTC price narrative and trader sentiment right now.
Bro, Anthony Pompliano has said something today that has shaken up all of crypto Twitter. He says Bitcoin has no top because the dollar has no bottom. The money printer will never turn off, and when the dollar's value keeps falling, then Bitcoin's price will soar to the sky. This narrative is directly fueling trader sentiment right now, and BTC is currently at $79,055, which is right above the pivot at $78,964. Now, talking about the chart: RSI is at 61, showing bullish momentum, but the MACD is still bearish—so there’s a bit of confusion. Support is at $77,851, and if price holds it, then the resistance at $79,500 will be tested. Volume is a little low at 0.4x average, but OBV is rising, which is a positive signal.
Personally, I think this 'no top' narrative is still just the beginning. If the dollar index goes even lower, then Bitcoin could break the resistance at $81,272. But we need to see how strong the support at $77,851 is, because if it breaks, the momentum could end. Both the EMA20 and EMA50 are bullish, so the long-term trend is still up. Now the question is: is this narrative enough to break the psychological level of $80K? What do you think—will Bitcoin break $81,272 this week, or will it retest $77,851? Comment your view, because the market is currently at an interesting crossroads!
#Trading #Binance #Bitcoin #Crypto #Forex
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Disclaimer: My personal analysis, not financial advice. DYOR.
Bro, Anthony Pompliano has said something today that has shaken up all of crypto Twitter. He says Bitcoin has no top because the dollar has no bottom. The money printer will never turn off, and when the dollar's value keeps falling, then Bitcoin's price will soar to the sky. This narrative is directly fueling trader sentiment right now, and BTC is currently at $79,055, which is right above the pivot at $78,964. Now, talking about the chart: RSI is at 61, showing bullish momentum, but the MACD is still bearish—so there’s a bit of confusion. Support is at $77,851, and if price holds it, then the resistance at $79,500 will be tested. Volume is a little low at 0.4x average, but OBV is rising, which is a positive signal.
Personally, I think this 'no top' narrative is still just the beginning. If the dollar index goes even lower, then Bitcoin could break the resistance at $81,272. But we need to see how strong the support at $77,851 is, because if it breaks, the momentum could end. Both the EMA20 and EMA50 are bullish, so the long-term trend is still up. Now the question is: is this narrative enough to break the psychological level of $80K? What do you think—will Bitcoin break $81,272 this week, or will it retest $77,851? Comment your view, because the market is currently at an interesting crossroads!
#Trading #Binance #Bitcoin #Crypto #Forex
--
Disclaimer: My personal analysis, not financial advice. DYOR.
