🐝 $BTC UPDATE
Sorry for the late update. Jet lag.
#Bitcoin has reached the most important support — Weekly MA200. It stopped the dump.
I will be honest here, I did not expect the dump to be so sharp & fast. AI stocks crash, NVIDIA crash, CPI data, Bessent, Trump — every single fundamental aspect was against us this week.
What do I expect now? $BTC is now below a number of resistances, so it is too early to call it a 'final bottom'.
💠 However, some bounce should be expected. Potential target? $72,000 - $73,000. I will partially close my LONG position there.
The main resistance remains at $76,000 - $78,000 area and we will either need a lot of time or some significantly bullish news to reach&break it. #USPPIMissMayEaseBTCPressure
Sorry for the late update. Jet lag.
#Bitcoin has reached the most important support — Weekly MA200. It stopped the dump.
I will be honest here, I did not expect the dump to be so sharp & fast. AI stocks crash, NVIDIA crash, CPI data, Bessent, Trump — every single fundamental aspect was against us this week.
What do I expect now? $BTC is now below a number of resistances, so it is too early to call it a 'final bottom'.
💠 However, some bounce should be expected. Potential target? $72,000 - $73,000. I will partially close my LONG position there.
The main resistance remains at $76,000 - $78,000 area and we will either need a lot of time or some significantly bullish news to reach&break it. #USPPIMissMayEaseBTCPressure
