Bitcoin (BTC)

$BTC has seen a STRONG rally to start the week… 👀

As we can see, Bitcoin has broken above the $63k level that we have been keeping a very close eye on. This is a very significant level to reclaim, especially with this rally occurring just before the weekly close.

Price is now retesting the 200EMA on the 4H chart, which we can see is a strong level of resistance. If the 200EMA is also broken, I think we will very quickly see a strong rally into our macro resistance around $65.7k.

Until $65.7k is reclaimed via a weekly candle close, we must remember that we are still very clearly in a macro downtrend and should not jump the gun trying to call a bottom here. The next week of price action will be VERY telling as to which direction $BTC wants to head on the HTF.

Keep a VERY close eye on how PA reacts to these levels!

Bitcoin: Preparing For the Cycle Low (Update 3 Day Signal Flashing)

Watch it here  👇
https://t.co/rK6xW3ZUWZ https://t.co/bAZoflZPVA

Saylor didn't say anything about BIP110...

And no, it's too late to cancel BIP110. If Core gets their act together in the next year, maybe we won't need a followup long-term softfork.