Bitcoin is bouncing off this nice support line drawn from the ATH of the previous cyle and the recent low of this bull run at the 30k region. Macro-environmental factors such as the hawkishness of the FED seem to have less of a significant impact the more we see certainty around interest rates and that the prior announcement is confirmed. As long as we stay above the 0.618 FIB at around 29k I don't see much of risk of the bull run not continuing. We will have a strongly hidden bullish divergence on the weeky which could lead to a long lasting uptrend, if the reversal is in place.
Good luck with your trades! Do not consider this as financial advice.
Good luck with your trades! Do not consider this as financial advice.
