Bitcoin gently bouncing off old rising support
The rising support we dumped through is being tested. Just above that sits the old descending resistance. Horizontal resistance/support carry more weight with most people, but these diagonal trend lines have been diligently followed so they can't be ignored.
It's a critical few weeks coming for BTC, especially with the ETF decision coming. A positive outcome there should get us to escape velocity from Planet Bear, a negative one will bring us crashing back down like a broken Chinese Space Station.
It's a critical few weeks coming for BTC, especially with the ETF decision coming. A positive outcome there should get us to escape velocity from Planet Bear, a negative one will bring us crashing back down like a broken Chinese Space Station.
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