BITCOIN UPDATE: BULLISH CASE
Bitcoin is potentially showing signs of a reversal.
It just closed its 4th straight weekly green candle, the highest in 3 months.
𝙒𝙝𝙖𝙩’𝙨 𝙝𝙖𝙥𝙥𝙚𝙣𝙞𝙣𝙜 𝙣𝙤𝙬:
-Price is holding above $73,600 (a macro key resistance turned support)
-MACD (weekly) bullish cross
-RSI is above 44, showing growing momentum
Key levels to watch:
-Upside: Break above $80,000 with buying volume = confirms the reversal (A CME gap at $84,000)
-Downside: Supports at $74,000 and $65,000
𝙄𝙢𝙥𝙤𝙧𝙩𝙖𝙣𝙩 𝙚𝙫𝙚𝙣𝙩𝙨 𝙩𝙝𝙞𝙨 𝙬𝙚𝙚𝙠:
-FOMC (Wednesday)
-ISM Data (Friday)
-US–Iran developments
𝙒𝙝𝙖𝙩'𝙨 𝙝𝙖𝙥𝙥𝙚𝙣𝙞𝙣𝙜 𝙛𝙧𝙤𝙢 𝙩𝙝𝙚 𝙈𝙖𝙘𝙧𝙤 𝙀𝙫𝙚𝙣𝙩𝙨?
-Russell 2000 just broke out after 5 years, hits all-time highs
-ISM is above 52 for 3 months = sign of economic expansion
(Above 56 historically = explosive crypto moves)
-Core inflation is near a 5-year low
-A new Fed Chair may be announced soon
-M2 Global money supply hits all time high
-Fed Balance sheet is expanding and has just added back $200 BILLION this year.
𝘽𝙤𝙩𝙩𝙤𝙢 𝙡𝙞𝙣𝙚:
Momentum is building, macro conditions are showing signs of improvement, and a breakout above $80K could be the trigger for a much bigger move.
𝘽𝙪𝙩 𝙠𝙚𝙚𝙥 𝙞𝙣 𝙢𝙞𝙣𝙙:
Markets can change fast. Global events like Fed decisions, economic data, or geopolitical tensions can shift sentiment quickly and impact price direction.
NOTE: We will release our BEARISH CASE soon.
