.$BTC price is defined by supply and demand.
At the current moment with the institutions accepting the place of #BTC with #ETFs and advertising on Google and Meta, there is nothing to indicate that its demand is going to fall.
What we now have is a side, within an uptrend, which means it is more likely to continue rising.
On 2/13 we will have data from #IPC en#EEUU that will move the market no matter what, as it is the prelude to the possible rate cut. Although Powel overturned expectations, no one believes him anymore, the data will lead the way. A favorable CPI, falling to 3.4 to 3%, is something possible, and it would be very good, as it indicates that after a rebound, inflation continues its downward trend, and by the next reading in March we could already be on the ground. 2.7-2.8%. This would indicate a soft landing.
I don't think BTC will fall below the 200 moving average, which is in the 36000-37000 area.
Maybe it will fall to liquidate positions and rebound strongly to retake the zone.
In fact, as I show in the weekly chart, it remains within the channel. Probably with the lateral I will break it until I have a new impulse in the best of scenarios, good Ipc data and jump to the 45-50000 zone
