Bitcoin: Bull Market Support Band

"I wonder if we will find the weekly RSI back down there again by Q3 of 2025"

"even if it were to repeat last year you could still see a new all-time high"

"if there is a drop if there if you sort of see it do what it did last year where it you know spikes up and then spikes down what you would want to see is Bitcoin find support at the bull Mark support band or even better yet find support before it reaches it"

"if the unemployment rate comes in at 4.1 or 4.2% that's probably a good thing for Bitcoin"

"if it comes in at 43 or 44 that could have the market questioning right like imagine if it comes in at 43 that could be a perfect excuse to kind of repeat what happened last year where the market just consolidates for another month and then waits for another labor market release in February"

"the the next sort of drop potentially below the bullmark wor me to be Q3 2025 right if we're just going to repeat the same pattern over and over and over again"

"if however it comes sooner let's say you get a a a higher labor market read than anyone's expecting right what if it comes in at at 45 or like 4.5% then I would argue that it still doesn't necessarily mean the part's over but you you might go back and retest this sort of these this lower high structure that Bitcoin was putting in it's always possible that you retest that and then get a bounce back up"

"I think that the bull market support band will be the first line of defense if we have to go back down there and and test that level either later this month or February right that would be sort of the first line of defense where you would expect some type of reaction"

"if it if it were to break doesn't necessarily mean the party has to be over you still might just go back down test this give a reason for the FED to to to start printing or something and then keep going"

"I wonder if we will find the weekly RSI back down there again by Q3 of 2025"

"I do wonder if you'll see that happen again right where it's it maybe it still Trends up into the labor market stuff but um it still doesn't necessarily mean it's going to be a sustained move higher until you have another couple more um few more weeks to consolidate"

"if there is a drop if there if you sort of see it do what it did last year where it you know spikes up and then spikes down what you would want to see is Bitcoin find support at the bull Mark support band or even better yet find support before it reaches it [...] and so you could see something like that happen again"

"if the unemployment rate is is 4.1 4.2 Bitcoin probably won't care so much about it if it's 4.3 or higher then Bitcoin might care a little bit more about it"

"the the next sort of drop potentially below the bullmark wor me to be Q3 2025 right if we're just going to repeat the same pattern over and over and over again"

"the bull market support band will be the first line of defense if we have to go back down there and and test that level either later this month or February right that would be sort of the first line of defense where you would expect some type of reaction"