Bitcoin weeklies: A little re-charge before another move up?
Will Bitcoin follow its recent pattern -- chop for a few weeks, touch the EMA9 at around 37.5k on the weekly -- before exploding up to 60k+?
Volume has been divergent on this recent uptrend, despite huge squeeze Momo & huge corporate news w/ Tesla. Anchored VWAP on the last move up after a chop would match this shake out.
Volatility has been rising, too, since the bleeding from the March crash happened.
I wouldn't be shocked if it touches 50k as a psychological pivot point before shaking some weak hands.
Volume has been divergent on this recent uptrend, despite huge squeeze Momo & huge corporate news w/ Tesla. Anchored VWAP on the last move up after a chop would match this shake out.
Volatility has been rising, too, since the bleeding from the March crash happened.
I wouldn't be shocked if it touches 50k as a psychological pivot point before shaking some weak hands.
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