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BTC - 2023 under the 200 WMA

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2022 /2023 has seen Bitcoin find its floor (previous ATH) and is approaching the top of the descending channel.

- Near-Term: A temporary break of the 200 WMA (Bull trap). BTC might stop short of 30k now, with a target of $26,500 late March -
- Long-Term: Scenario expects price to trend sideways around the 23K range for the rest of 2023 under the 200 WMA. Break of descending channel mid-summer. Move up to the 40ks late 2023/early 2024 in-line - with Halving. Good trading potential if this is the case but not great fun for HODLers and folk sitting on leveraged longs.
- Counter-Trend: Macro forces could course correct, high likelihood to the downside.

Scenario Recommendation - Plan to only trade the 20k to 26k range in 2023. No moon shot for BTC

Best, Hard Forky

Break into Channel
BTC - 2023 $30k viable if BTC can quickly capture $18k.


Mid-Channel
BTC mid Channel

Nota
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Nota
btc about to break up to 23K syot kilat
Nota
invalidated after failing to hold the break of resistance. If it slips target bounce would be 20k syot kilat
Nota
I would like to see a decent dip here - target woul be 19k syot kilat

Penafian

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