Bitcoin: Bull Market Support Band

"right now the 21 we EMA is around 80k and by the end of January it would probably be high higher like significantly you know higher than than 80k it could be 85k or something like that"

"what I think you should watch for going into the next month or two is watch for the bull market sport band to slowly go up like that kind of like what it did last year right where it goes up Bitcoin kind of consolidates again which is what it's been doing and potentially even Wicks down to it"

"if you want Bitcoin to go higher watch usdt dominance and see if it gets rejected from around 4.72 to 5% if it gets rejected there then Bitcoin likely will put in another all-time high"

"if USD dominance basically Soares through the 20we SMA like it did back over here in February of 2020 if it just Soares through it like it's not even there then you're like you're likely looking at a at a larger Bitcoin pullback"

"if the Contin your guild is going down because you know just because you know it's it's gone up a lot in the short term and and maybe people are expecting a little bit too much growth therefore it needs to come back down inflation's not so bad then Bitcoin will likely go up"

"but if the 10e yield goes down because say the unemployment rate comes in next week and it's at like 4.4% or something then you would likely see Bitcoin sell off uh because of that of that fear of of you know recession"

"I wouldn't be that surprised at some point to see Bitcoin retest that line right sort of the lower high structure uh from the prior year wouldn't be that surprising if something like that eventually happened"

"right now the 21 we EMA is around 80k and by the end of January it would probably be high higher like significantly you know higher than than 80k it could be 85k or something like that"

"what I think you should watch for going into the next month or two is watch for the bull market sport band to slowly go up like that kind of like what it did last year right where it goes up Bitcoin kind of consolidates again which is what it's been doing and potentially even Wicks down to it right"

"Bitcoin historically does get a pullback in January of post having years... if you get a 30% I mean it's already gone down you know 15% right if it did go down a little bit more that would get you close to the bullmark square pin or if you see what happened last year happened again where it kind of Wicks higher in January and then Wicks lower um in late January then you could get a 30% correction but from a slightly higher price than the price we saw at 108k"

"I do expect it to break through at some point because eventually it would imply that bitcoin's always below the 20we moving average... So eventually this trend line does need to break"

"if you want Bitcoin to go higher watch usdt dominance and see if it gets rejected from around 4.72 to 5% if it gets rejected there then Bitcoin likely will put in another all-time high"

"if USD dominance basically Soares through the 20we SMA like it did back over here in February of 2020 if it just Soares through it like it's not even there then you're like you're likely looking at a at a larger Bitcoin pullback"

"last year when it hit 0.553 it was late January so was about a month from now before it hit that level and and then we all we saw the ssro go back up and the price of Bitcoin went up as well um so I would you know I think it's important to keep that in mind too"

"as long as the 10e yield goes up bitcoin's likely going to struggle"

"if the 10e yield goes down because say the unemployment rate comes in next week and it's at like 4.4% or something then you would likely see Bitcoin sell off"