On the cusp of a legendary run
Looking at the chart you can see we found support at the 200 Ema using 2 week candles at the beginning of this year. Price has more than doubled since then. We've regained the 8 Ema over the 21 and are starting to expand rapidly. Edge to edge cloud trade would put us at $42,500 as a short term target. The only thing that has kept this run in check so far is the 77 Vwma. I believe if we can decisively break that, Bitcoin will start a historic bull run topping out around $336,000 based on a fibonacci plot from a previous move. This is all without taking into the likelihood of a spot Bitcoin ETF slated to be approved by January 10th, 2024. That could be the catalyst to finally push through the 77 Vwma. All dips are for buying for the immediate future in my opinion and will be adjusting my trading strategy accordingly. Best of luck tradingviewers.
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