BITCOIN WEEKLY ANALYSIS
$BTC just closed the week at $81,150, above the 50-week MA at $78,800 and is now trading above $86,000.
And now we can finally say Bitcoin has started a new bull run.
Important levels:
Support: $78,800 50W MA, $70,500 200D MA Resistance: $95,000 - $98,000
Everyone expected BTC to dump after the CLARITY Act failed and the Fed raised rates.
But it didn’t, and there’s a reason for that.
Over the last few months, ISM moved above 54, core inflation hit a 5-year low, and the Russell 2000 hit a new ATH.
Historically, when these conditions line up, they have been followed by a new crypto bull run.
ETH IS READY TO EXPLODE.
$ETH closed the week up 6.77% and finally broke out of the box that marked its last 3 breakouts, each followed by a massive rally.
Now, $1,900 and $1,500 are the key support levels. If ETH holds here, $3,200–$3,600 could be next.
But if it falls back below the box next week, the breakout could lose its momentum.
Are you fucking kidding me?
CNN reports the U.S. is planning a large-scale military operation against the Houthis in Yemen.
Just when Bitcoin starts pumping hard,
Trump wants to trigger a new war.
The Money rotation from US stocks to crypto has now officially begun.
Bitcoin has outperformed the Nasdaq by +42% over the last 3 months.
If history repeats, $57,800 was the macro bottom for BTC and a new bull market has just started.
NEW: "Dollar strength is no longer Bitcoin's only problem," per Swissblock.
DXY weakened this week and entered a range, easing the external headwind that dominated much of the bear market.
#Bitcoin's Risk Index climbed to 58, signaling selling pressure is intensifying.