BTC: Macro View

Updated
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I’ve got some bad news for those who are still hoping to buy BTC below 6k

200-Week MA is currently at 6.3k

The fact is that Bitcoin has never broken down the 200-Week MA
Moreover, 200-Week MA has never had a negative slope! Now it’s increasing by $50 every week, which means that in September it will be above 6.5k

The multi year downtrend is broken + block reward halved this year
Guys, aim at the Moon for the coming years!

BTC Monthly
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Last month we got the Second Highest Monthly Close in Bitcoin History!
This is Huge

So, the Weekly is not so bullish as the Monthly. We still have to close above the Major Resistance Level - 11.6-12k. If we do, next Target would be the 1.618 Fib extension at 13.7k which lines up with the monthly Macro Target


What do you think about it? Share your thoughts in the comments!



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The information given is never financial advice. Always do your own research
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Target Reached! Profit 18% without leverage

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Target reached! Profit 18% without leverage

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Target reached! Profit 62% without leverage

P.S. Next Fib extension level (3.618 Fib) is at 24k
Bitcoin (Cryptocurrency)BTCTechnical IndicatorsTrend Analysis

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