Bitcoin breaking out? Where is the next resistance?

2023年3月17日

Bitcoin has been on the move in recent sessions. With the Fed balance sheet expanding by 300B & rates continuing to soften substantially.

Bitcoiners are front running a Fed pivot and buying up this rally.

One thing is for sure their is still major technical resistance up ahead and some consolidation is due.

2023年3月17日

註釋

Once bitcoin hits major resistance we are expecting a larger pullback & consolidation before moving higher. Anyone chasing these levels will likely get a better entry if patience is exercised.