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BTC Phase 4 Resistance
BTCUSD
, 1M
Short
BTCUSD: BTC Phase 4 Resistance

BTC is currently testing the All time High. Will BTC just plough through the resistance because of the ETF's or is there any other scenario possible? There is an interesting correlation and there are also key differences between the 2017 Bull Market Cycle and the current timeframe if we analyse the weekly and monthly timeframe. Historic Cycle 2017 As BTC...

Major trendline broke for BTC
BTCUSD
, 1D
Short
BTCUSD: Major trendline broke for BTC

The trendline that was the major support zone for over a year broke yesterday. If prices continue to trade beneath, we will have heavy resistance in the common months to come, e.g heavy resistance in Feb 2024 at ∼ 48k $. Last time we broke the trendline we had a major correction. So buckle up. The start of the year might be a rough ride for BTC.

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