There are many reasons to look at this weekly chart and see that there's absolutely no reason to be bearish on Bitcoin yet.
- Holding strong r/s flip support.
- Holding regression trend.
- Holding parabolic trend.
- Stoch RSI at the bottom.
- Weekly bullish divergence.
Assuming this plays out in a way that's similar to the last local bottom, the current target is around $134k-$135k.
It would take a lot to invalidate all of these bullish indicators, but if that does somehow happen, with a CLOSE of the weekly candle that invalidated these, then It's pretty much definitely over for a loooong time.
NFA blah blah blah..
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