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What narrative will bring #Bitcoin to $100K? There doesn't need to be a narrative that pushes the price upwards. Price moves upwards, and the narrative will create itself. At this point, it doesn't feel like there's ever a narrative again that will be moving the needle for
#BTC Bitcoin has Weekly Closed just above the 21-week EMA (green) Which means price is technically positioned for a retest of the EMA The problem is that there is very little space for the retest to breathe, making it very easy for BTC to drop below the EMA Bitcoin will need
#BTC Bitcoin continues to resist from the 21-week EMA (green) Unless BTC is able to reclaim the 21-week EMA as support... Then this EMA could indeed force BTC into a post-breakout retest of the top of the Double Bottom price broke out from last week $BTC #Crypto #Bitcoin
$BTC With its third attempt to retake the bull market support band during this down trend. A weekly close above, could confirm the end of this down trend and further relief bounce. But for now, price seems to be rejecting slightly. Interesting weekly close coming up!
Perp demand is rising. Spot demand is still contracting. That exact setup appeared in 2022 and preceded the next leg down. It doesn’t guarantee the same outcome, but structurally, this is a bearish demand signal.
bitcoin:native Weakness is beginning to show on this move. We’ve lost the two-level support of the trendline and the $77.3K liquidity zone. We’re also now seeing Coinbase Premium flash consecutive red readings for the first time in 3 weeks, since $67K. This entire move has
$BTC This is an area of importance this uptrend. Price is sitting on two levels of support right now, consisting of the trendline and the $77.3K liquidity zone. The trendline has held this entire move together since $65K, so that is especially vital to watch. Every meaningful