BTC - Travelling in Upwards moving channel since 2017
Something interesting is BTC has been moving in an upwards moving channel since 2017.
The current bottom of the upwards moving channel is at around the 13k area.
why is this interesting ?
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Because if we switch to the monthly the MA100 lines up with the bottom of the channel at 13k
Which is a bit of a coincidence if you ask me .
If BTC has intentions of moving up then the first thing we will need to see is a close above the weekly MA200 at 23000
The current bottom of the upwards moving channel is at around the 13k area.
why is this interesting ?
=====================
Because if we switch to the monthly the MA100 lines up with the bottom of the channel at 13k
Which is a bit of a coincidence if you ask me .
This is a lot of liquidity that is going to be pulled from the economy and id expect Crypto will take a beating as access to easy liquidity dwindles .