Bull Run Or Bull Trap, answer in 1 day

٣٠ يناير ٢٠٢٣

It is quite simple, we are sitting at 23250 for BTCUSD at the moment, if we want to confirm that this is a bull run that can go longer and signal the start of a change out of the bear market we need a monthly candle close above 23250 for a new monthly higher high "above July and August 2022", this will be the first "proper" monthly higher high SINCE the ATH. If BTC fails to achieve this, it will be a lower high and we are in for quite some downside. Lets not forget FOMC at 1st of Feb, so maybe we will have a rally into that and get the monthly high we so desperately need.