Next #Bitcoin leg up setting in...
✅ LMACD momentum flip.
✅ SMA30 incoming (~$86K).
Golden cross on the horizon?
Discussion
push to 96 then nuke it all again
I don't see this happening. Bitcoin causes most pain possible. Everyone is bearish. But everyone doesn't understand M2 is ripping.
i only see bullishness everywhere. and right now Futures APR's are still implying bera pressure. Also we are in environment where tump about to put tariffs on Semiconductors and rate cuts are historically correlated with deep bear markets. So we will see if this time will be different with unemployment also rising and inverted yields dropping into negative like all other star of deep bera markets .
Perhaps in the nostr Bitcoin community there is a lot of bullishness. But in crypto and tradfi Bitcoin more broadly it's quite bearish. I think the money supply trend is more important than other short term indicators, so I'm expecting a slow grind upward over the next few weeks.
Medium term momentum flip confirmed. Short term level to beat is ~$87K, then onto the next leg up.
Disclosure: I never trade #Bitcoin.
Local #Bitcoin bottom looking over. Momentum is reliably upwards.
✅ LMACD closing in, 3rd white candle.
✅ SMA30 breached at ~$88K.
I expect in the coming weeks the price discussion will center on recovering ATH.
