My BTC TA starting from the monthly to 1 hour timeframes
Starting with the monthly we can notice an inside bar that needs to be broken between 48260 and 37210.
We are creating support over the 21 and 8 weekly moving averages as well.
If BTC can break 48260 we can go test the Control Point around 52k.
And that will be the most decisive price action move we need to trend upwards and maybe have an extended cycle if not a triple top.
All has to be unfolded yet, but if the markets and the dollar allows, BTC will skyrocket with it.
We are creating support over the 21 and 8 weekly moving averages as well.
If BTC can break 48260 we can go test the Control Point around 52k.
And that will be the most decisive price action move we need to trend upwards and maybe have an extended cycle if not a triple top.
All has to be unfolded yet, but if the markets and the dollar allows, BTC will skyrocket with it.
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