Bitcoin when in doubt zoom out

13 Nis

BTC 1day currently printing the handle on a cup & handle bullish pattern after an epic 370% move off the Nov 2022 bottom It is important to note that it's not unusual for BTC to test the 99ma (57k on this chart) for support after a breach of the 55ma which has just occurred The Supertrend is still positive here adding support for a reversal soon but if the completion of the handle is incoming the ST will turn red adding time to the re-entries/top-up's whatever We could be in for more volatility through this washout before running the path to 80k area maybe mid 90's if the push is real We are oc bull-bias with just 6 days to havening and more ETF approvals imminent Alt's have copped a proper beating through this BTC correction but they will bounce hard once this phase in completed