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Slight hidden bullish on BTC weekly
We have a higher low, with lower lows on the MFI and MACD on a weekly. Optimistic.
On the downside, we're below the trendline. This could create a sell-off. Also, I feel like the daily chart is less optimistic.
US inflation is at a 40 year high of 7.5%. No telling if this means we'll crash upward or downward. Ideally, bitcoin is treated as deflationary and prices soar to 150k. I wouldn't bet my house on it yet unless you have 2 houses. There's still a chance we crash to 30k or even 10k. I don't see us going to 4 digits anytime again soon though.
On the downside, we're below the trendline. This could create a sell-off. Also, I feel like the daily chart is less optimistic.
US inflation is at a 40 year high of 7.5%. No telling if this means we'll crash upward or downward. Ideally, bitcoin is treated as deflationary and prices soar to 150k. I wouldn't bet my house on it yet unless you have 2 houses. There's still a chance we crash to 30k or even 10k. I don't see us going to 4 digits anytime again soon though.
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