BTCUSDT @37500 Quick update Thursday Nov 09th 2023
Bulls have cleared clearly 32k and are now attempting to take out out the 37k resistance.
The next resistance will remain 39-41 whether one looks at it on the linear scale or log scale.
The BTC.D is still still bullish, however, this does not imperatively mean that altusdt wont rally
As discussed previously, for the bottom in "time", it take 24M after the initial bull market peak for alts to completely bottom.
Nov2023 marks the 24th month of the Bull market (From Nov2021), which in return lays within 3-6months of the next halving in April 2024.
Bulls have cleared clearly 32k and are now attempting to take out out the 37k resistance.
The next resistance will remain 39-41 whether one looks at it on the linear scale or log scale.
The BTC.D is still still bullish, however, this does not imperatively mean that altusdt wont rally
As discussed previously, for the bottom in "time", it take 24M after the initial bull market peak for alts to completely bottom.
Nov2023 marks the 24th month of the Bull market (From Nov2021), which in return lays within 3-6months of the next halving in April 2024.
