We are now on critical resistance.
Daily close above channel line will raise possibilities for violent move to the upside.
Have to consider resistances on multiple timelines in 44-46k zone.
Lets hope for the best 🚀
Here are some thoughts on BTC (Daily):
We are in this parallel channel basically from the start of 2022.
Had one false breakout in late January.
This is one large accumulation zone and every price action is more/less irrelevant until breakout.
Painful to see so much dishonesty, twisted questions and ill will coming from a U.S. senator. We need younger and more capable senators who care about capital formation, innovation and the national interest.
US took a relatively dovish stand against crypto in todays Byden's EO.
So far so good.
Tomorrow we have new inflation numbers.
Slim chance for positive outcome.
Next week FOMC meeting.
Not to mention ongoing war.
Let the games begin.
Ryan Peterson, CEO of Flexport, announced on Twitter that their $1.6 billion balance sheet contains #bitcoin.
@Fall_Of_Fiat covers the news:
https://t.co/LySpOyZuNd