Bitcoin is running into resistance here from the value area high.
Short-term rejection/consolidation is possible, but it doesn't change my view of seeing BTC nearing the 200D moving average by the end of this month. https://t.co/N9hg04qD2L
BTCActivation price $66,740Direction ShortType DirectionalTimeframe Short
Max Favorable +6.4%Max Adverse −0.3%Opportunity 0.71Time 1.00Magnitude 0.71Score 0.78
Bitcoin in 2018:
1. First capitulation swing low post ATH - February
2. 200D moving average reached, and rejected from - May
3. February low taken out - June
4. Rally into 200D moving average - July
5. Rejection to form the bear market low in Q4.
Bitcoin in 2026:
1. First capitulation swing low post ATH - February
2. 200D moving average reached, and rejected from - May
3. February low taken out - Jun
I think that we will rally into the 200D moving average this month.
Face a rejection, and formulate the low in Q4, just like 2018.
BTCActivation price $64,449.54Direction LongType DirectionalTimeframe Mid
Max Favorable +3.9%Max Adverse −4.1%Opportunity 0.40Time 0.49Magnitude 0.40Score 0.40
If 8 months ago, somebody gave you the opportunity to buy Bitcoin under $60,000 - would you have said:
“No, I’ll wait for lower prices” or immediately purchased it?
The answer to that question is applicable NOW.
Because nothing about BTC changed!
Same product.
Cheaper price.
BTCActivation price $60,458.81Direction LongType DirectionalTimeframe Mid
Max Favorable +10.7%Max Adverse −4.4%Opportunity 0.57Time 0.90Magnitude 0.57Score 0.66
If 8 months ago, somebody gave you the opportunity to buy Bitcoin under $60,000 - would you have said no I’ll wait for lower price or immediately purchased it?
The answer to that question is applicable NOW.
Because nothing about BTC changed!
Same product.
Cheaper price.
BTCActivation price $60,458.81Direction LongType DirectionalTimeframe Mid
Max Favorable +10.7%Max Adverse −4.4%Opportunity 0.57Time 0.90Magnitude 0.57Score 0.66
HUGE Bitcoin daily bullish divergence! https://t.co/f5cZnLytQA
BTCActivation price $60,328.32Direction LongType DirectionalTimeframe Mid
Max Favorable +11.0%Max Adverse −4.2%Opportunity 0.56Time 0.81Magnitude 0.56Score 0.64