$BTC Yesterday evening, another American bank collapsed and was seized by regulators.
In March 2023, Silicon Vally Bank, Signature Bank and First Republic went bankrupt.
#Bitcoin❗️ rose 58% after the initial sell-off as investors realized the value of a store of value with zero counterparty risk when systemic risk was high.
BTC moved away from resistance and cleared stops below the support of the rising trend line. Now it is trying to regain its positions above the MA 100.
A candle closing above it will confirm the bullish movement. In case of deviation and a stable breakdown of the ascending trend line, we can go into a correction.
The dominance of the cue ball is now at a crossroads; if we break through the channel downwards, this will be the beginning of a new move up the viola.
What do you think? Write in the comments #mastacrypto
Wednesday 15 November: 🇬🇧Britain - CPI consumer inflation (Oct) - 10:00 🇪🇺Eurozone - industrial production (Sep) - 13:00 🇪🇺Eurozone - trade balance (Sep) - 13:00 🇺🇸USA - PPI inflation (Oct) - 16:30 🇺🇸USA - NY Empire State Manufacturing Index (November) - 16:30 🇺🇸USA - retail sales (Oct) - 16:30 🇨🇳🇺🇸Biden and Xi will meet in San Francisco on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit
Thursday 16 November: 🇪🇺Lagarde - 14:30 🇺🇸USA - Initial Jobless Claims - 16:30 🇺🇸USA - Philadelphia Fed Manufacturing Index (Nov) - 16:30 🇺🇸USA - industrial production (Oct) - 17:15 🇺🇸USA - KC Fed Manufacturing Index (Nov) - 19:00
Friday 17 November: 🇪🇺Lagarde - 11:30 🇪🇺Eurozone - consumer inflation CPI (Oct) - 13:00 🇺🇸USA - Housing Starts (Oct) - 16:30 🇨🇦Canada - PPI inflation (Oct) - 16:30 🇺🇸deadline for US government extension #mastacrypto