September will be decision time as BTC approaches the Bull Market Support Band (20wk/21wk MA) and has recovered nicely off the recent lows. An additional indicator that the bottom is in is the fact that the 300 week Moving Average is approaching 17,500 which is our current bottom. BTC in it's entire history and since the 300 week moving average was established has...
If ETH merge is successful, I anticipate that it could lead the crypto market for the coming weeks or months. The 90% deflationary affect on daily ETH creation along with the ESG attraction now that it will be a Proof-of-Stake (Pos) vs Proof-of-Work (PoW) is a setup for an influx of institutional money sitting on the sidelines. This is an exciting time for crypto...
As long as the dollar continues to rally, it will prevent BTC from making any parabolic moves. If we see the dollar get rejected and start trending back down, then I fully expect to see BTC get some upward momentum.
