BTC Needs to hold 25k to survive
Drawn out the levels which I am watching over the coming weeks. If we get a weekly close above 26k I will be more positive.
Trend is still upwards until 25k support is lost and we set a new lower low which could be seen as the bear market rally well and truly over.
We do have bullish divergence setting in the short term which is positive, especially with price holding the 25k support (ideally 26k) over the coming days, through all the news and inflation and rate numbers etc.
In a loose range, if we have more upside could target 28 - 30k or even 40 if we go into a bull run, perhaps based on a bitcoin ETF or something.
I will remain neutral for now
Trend is still upwards until 25k support is lost and we set a new lower low which could be seen as the bear market rally well and truly over.
We do have bullish divergence setting in the short term which is positive, especially with price holding the 25k support (ideally 26k) over the coming days, through all the news and inflation and rate numbers etc.
In a loose range, if we have more upside could target 28 - 30k or even 40 if we go into a bull run, perhaps based on a bitcoin ETF or something.
I will remain neutral for now
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