$BTC projection unstoppable! (until Tuesday?)
Both Wall Street and the #crypto market are experiencing a surge in great returns. W. S. marking new ATHs and BTC approaching local highs to continue the trend (or break it, we'll see).
Fundamental:
-It is likely that this movement is anticipating a good data of #IPC at #EEUU on 13/2 (therefore on the same Tuesday there may be a blow off top again), added to the banking crisis and some downward domestic consumption data, it may anticipate a rate cut... We'll see. The truth is that the rate cut is just around the corner
-Volume is coming in and the institutions do not care about the RSI, nor about indicators when there is hype, each one wants to arrive before the other.
- #Halving2024 y Hype of institutional adoption. Like it or not, investment funds are getting involved in a big way, now they are going for ETH...Which is a msg. from: let's keep going, who wants to join the party?
Projection:
There is an important resistance in the 48500 area, if it breaks it, it will mark a new high above 49000 going to look for the 51000-53000 area.
In my case I will undo positions and follow the movement closely. We have volume which indicates the strength of the momentum and accentuates the probability of achieving new highs.
