BTC has swept some key areas and looking to form a bottom. Back testing a key break out area.
We technically pierced the daily 200 MA a few days ago but never confirmed below the key area.
The near term chart looks like we should maintain a positive bounce back to 111,500.
We need to be mindful that the last failed double top breakout that occurred in dec 2024 / Jan 2025 - we saw a 30% decline from peak to trough.
As long as the crypto market cap remains above the weekly chart neckline - a bull upside target can be calculated.
We nibbles on some MSTR shares on Friday.
These crypto positions need to be monitored closely.
We technically pierced the daily 200 MA a few days ago but never confirmed below the key area.
The near term chart looks like we should maintain a positive bounce back to 111,500.
We need to be mindful that the last failed double top breakout that occurred in dec 2024 / Jan 2025 - we saw a 30% decline from peak to trough.
As long as the crypto market cap remains above the weekly chart neckline - a bull upside target can be calculated.
We nibbles on some MSTR shares on Friday.
These crypto positions need to be monitored closely.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.