$BTC (1S) – Bullish close. 👀
BTC closed the week above the $82K zone.
More importantly, it also confirmed its return above the weekly 50-day SMA.
In each previous cycle where BTC regained the 50 SMA after a major reset, the cycle low was already behind us.
The RSI is also staying above its multi-year bearish trend.
Many things are starting to line up.
Next resistance: ~$87K.
If that breaks, $93K–$95K becomes the next area I’m watching.
With such strong momentum, I think BTC can make that move before we see the bigger cooling off that I still expect.
$BTC
BTC closed the week above the $82K zone.
More importantly, it also confirmed its return above the weekly 50-day SMA.
In each previous cycle where BTC regained the 50 SMA after a major reset, the cycle low was already behind us.
The RSI is also staying above its multi-year bearish trend.
Many things are starting to line up.
Next resistance: ~$87K.
If that breaks, $93K–$95K becomes the next area I’m watching.
With such strong momentum, I think BTC can make that move before we see the bigger cooling off that I still expect.
$BTC
