$BTC is quietly showing strength while Wall Street struggles.
Over the past four months, BTC has been outperforming the Nasdaq. Even this week, as Nasdaq took a major hit, Bitcoin held firm around $75,500 and continues to outperform it this month.
Here's what I'm watching closely:
- BTC/Nasdaq is testing resistance once again. - Holding current support could be a very bullish signal. - If support breaks, BTC could revisit the daily MA 200 near $73,240. - Below that, the weekly MA 200 around $67,760 becomes the next key level.
But don't expect an instant breakout.
The bigger picture suggests Bitcoin could spend another 6–8 months moving sideways before its next major parabolic rally.
Patience will be key. Sometimes the strongest rallies begin after the most boring periods.
$PEPE is holding strong near $0.00000498, up 0.81% in the last 24 hours.
After bouncing from $0.00000472, PEPE pushed to a high of $0.00000533 before pulling back. Price is now consolidating, with $0.00000500 as a key level to watch.
Can bulls build enough momentum for another breakout?
The crypto market is showing strong recovery after US midterm results.
Bitcoin is up 3.65%, climbing back above $78,000, while Ethereum gained 4.57%, trading near $2,320.
Nearly $500 million in positions were liquidated over the past 24 hours, and today's rebound has added a massive $87 BILLION to the total crypto market cap.
Democrats taking the lead in both the House and Senate helped ease political uncertainty.
The bulls are fighting back. Is this the start of a bigger recovery?