$BTC sitting at a critical retest right now — but here's why this setup is way more bullish than 2022:
Price printed a macro higher high and is now retesting the breakout... but crucially, it's holding ABOVE both the 50 and 200 week SMAs.
Back in 2022? Similar fractal, but $BTC got rejected below both MAs at the same time — right as the 50 crossed under the 200. Death cross vibes.
Even if this level breaks, we've got a stacked support structure underneath. The breakout structure is fundamentally stronger this time.
This isn't hopium — it's structure. Watch the weekly close.
Price printed a macro higher high and is now retesting the breakout... but crucially, it's holding ABOVE both the 50 and 200 week SMAs.
Back in 2022? Similar fractal, but $BTC got rejected below both MAs at the same time — right as the 50 crossed under the 200. Death cross vibes.
Even if this level breaks, we've got a stacked support structure underneath. The breakout structure is fundamentally stronger this time.
This isn't hopium — it's structure. Watch the weekly close.