OrriginalCrypto on Nostr: Bitcoin makes it past 70K usdt and the feeling of joy across the board is HUGE and ...
Bitcoin makes it past 70K usdt and the feeling of joy across the board is HUGE and this is all good.
But we all need to remember, this is a MASSIVE WALL OF RESISTANCE HERE - We are in a Danger zone now.
71K -> 76K is TOUGH
The BTC chart shows how we have risen above trendline. Next major line on this chart is 75500 but we have walls all the way up to that. PA is very likely to come back down and retest that line we just crossed , as support.
The MVRV chart is simply beautiful - it broke over the long term descending tterendline, came back, retested it, bounced and now has begun the same process on the 382.
This is showing us the amount or Profit int he system. How over or under Valued BTC is.
People are beginning to jump in, the FOMO could start and then off we go
But lets be realisrtic. Untill we break 76K and hold that, we are in a Zone of Danger.
Be Happily cautious
But we all need to remember, this is a MASSIVE WALL OF RESISTANCE HERE - We are in a Danger zone now.
71K -> 76K is TOUGH
The BTC chart shows how we have risen above trendline. Next major line on this chart is 75500 but we have walls all the way up to that. PA is very likely to come back down and retest that line we just crossed , as support.
The MVRV chart is simply beautiful - it broke over the long term descending tterendline, came back, retested it, bounced and now has begun the same process on the 382.
This is showing us the amount or Profit int he system. How over or under Valued BTC is.
People are beginning to jump in, the FOMO could start and then off we go
But lets be realisrtic. Untill we break 76K and hold that, we are in a Zone of Danger.
Be Happily cautious