$BTC WEEKLY ANALYSIS
$BTC closed the week at $81,150, holding above the 50-week MA at $78,800, and has now pushed above $86,000. $ETH
At this point, we can finally say Bitcoin has entered a new bull run.
Key levels: Support: $78,800 50W MA, $70,500 200D MA
Resistance: $95,000 - $98,000
Over the past few months, ISM climbed above 54, core inflation fell to a 5-year low, and the Russell 2000 reached a new ATH.
Historically, when these factors align, they have been followed by the start of a new crypto bull run.
$BTC closed the week at $81,150, holding above the 50-week MA at $78,800, and has now pushed above $86,000. $ETH
At this point, we can finally say Bitcoin has entered a new bull run.
Key levels: Support: $78,800 50W MA, $70,500 200D MA
Resistance: $95,000 - $98,000
Over the past few months, ISM climbed above 54, core inflation fell to a 5-year low, and the Russell 2000 reached a new ATH.
Historically, when these factors align, they have been followed by the start of a new crypto bull run.
