After reclaiming $68k (DM VAL), Bitcoin has continued to push back towards $69.2k (2021 ATH) as expected. This is a critical level for Bitcoin which is currently being rejected as strong resistance. This is no surprise since it was such a solid level of horizontal support earlier in the week, it is now acting as a barrier.

If $69.2k is reclaimed and we see enough volume then there is potential for a push towards the Monday High above $71k. For now I still have my bids for lower too.

Reply to this note

Please Login to reply.

Discussion

I measured the pre-ETF pump with a fib extension. The 1.272 is at about 80k. Also that pump left a fair value gap, which price came down and tested a month ago and lifted off again. Also there's a nice wedge formation that we broke out from about a week and a half ago. All the stars are aligned. Should see 80k sometime in the next six weeks.