4 hour-
Evident breakout from descending wedge pattern however awaiting confirmation on re test. Could be building base for more upside.
Bullish overall mid to long term.
Will need to get about 52k level and remain above 40k (key level if breaks below 40.5k price is bearish)
Bullish.
triangle pattern evident. Good demand zone of accumulation. Holding key supports and poking and persisting resistance levels,
Probability is a breakout from this triangle. within 6 weeks is probable and plausible may retest lower supports before blast off.
Below all exponential moving averages.
Inflation pressures.
Market sentiment fearful.
Crypto faith and adoption increasing.
Probability is increase to downside over time here.
Okay maybe not by December buttttttt.....
....It could be Jan or Feb but here's the probability. Sitting above 21MA on weekly Historically with Bitcoin this has led to bullish activity within bitcoin. If sitting below the 21 MA there is only twice in bitcoin's history whereby it has remained bullish. Historically and recently bitcoin was sitting marginally above...
