I have a theory that the most important resistance level of BTCs history is not 31K or 31.5K like a majority of the world believes, rather that it is 29.1K
When looking at the weekly chart we can see this past week we just closed above the level for the first time since January 2021.
This is Extremely Bullish and in my opinion Negates all arguments for the possibility of a new low coming before the next Halving.
In addition to the level being flipped we have a weekly Stochastic Cross which is very bullish and has been occurring every 6 months for BTC for the past 2 years and each time there is a major move to the upside.
I think 29.1K is the new floor until we see a new ATH.
If you're waiting for a chance to buy/accumulate then you should probably start asking if you're making the right decision.
DCA, don't miss the move because you are stuck in the disbelief phase.
When looking at the weekly chart we can see this past week we just closed above the level for the first time since January 2021.
This is Extremely Bullish and in my opinion Negates all arguments for the possibility of a new low coming before the next Halving.
In addition to the level being flipped we have a weekly Stochastic Cross which is very bullish and has been occurring every 6 months for BTC for the past 2 years and each time there is a major move to the upside.
I think 29.1K is the new floor until we see a new ATH.
If you're waiting for a chance to buy/accumulate then you should probably start asking if you're making the right decision.
DCA, don't miss the move because you are stuck in the disbelief phase.
