Currently hovering between the $16,000 to $25,000 range. we have had a nice weekly market structure break, which could be a sign off more strength to come but with the current economical outlook for this year looking like we could have some further pain to come for all assest so that would in turn show some downside to all risk on assests
Looking at a demand block around the $12,000 to start looking to buy some heavy spot trades if we do get down there
It does line up with an overall trend line that has been going since 2017 and it does look we could form a 3 drive patten into that area shown by the 3 arrows
BTC monthly
Overall look at the monthly chart
Currently hovering between the $16,000 to $25,000 range. we have had a nice weekly market structure break, which could be a sign off more strength to come but with the current economical outlook for this year looking like we could have some further pain to come for all assest so that would in turn show some downside to all risk on assests
Looking at a demand block around the $12,000 to start looking to buy some heavy spot trades if we do get down there
It does line up with an overall trend line that has been going since 2017 and it does look we could form a 3 drive patten into that area shown by the 3 arrows