BTC Indicating Bull Market
BTC appears to be testing the 41k/42k range. If the support holds, there will be another spike and potentially a new daily higher high.
Nota
Breaking below that support it is now holding and has reached support twice at 40k. Falling beneath this, it's likely we see a drop off until high 30's.
The range for maximum support in there will be 36k/37k/38k (I would like to see a 37k support with a healthy bounce to high 40's.
Nota
Support has broken, russia and ukraine have gone to war, and we're sitting at 35k. History indicates a a running flat pattern on the daily/weekly. Support could hold at 30, or liquidations will set in and it will plumet to 28k.
That is the bearish prediction.
Nota
Bulls stepped in at 34k, pushed it to 39 and found support at 37/38k. FOMO is likely to set in for the bulls and shorts will be squeezed on the ride up to 44k/45k.Nota
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