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Kri
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#bitcoin #usd #crypto #trading
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#Bitcoin mid-range breakdown ? Price has broken down below the mid-range. Today’s pump has been fully retraced, and it now looks like a bearish retest on daily chart. Important support level is near the range low, which is $60,500. There are two possible scenarios: 1) Reclaim of mid-range which could lead to a run back towards the range high and probably a breakout this time. 2) Retest of the range low one more time before we go higher. Both the scenarios are bullish but if scenario 2 plays out we might go sideways for longer. The overall HTF structure remains bullish. We are still in a bull market, dips are for buying.
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Fiat = ♾ Bitcoin = 21M The choice is simple. #btc
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2010: - US Defense consumption: $820B - US state debt interest payment: $400B 2024: - US Defense consumption: $1.02T - US state debt interest payment: $1.05T #BTC
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