BTC / USD Chart update
Bulls did great work since starting of 2023
By pumping BTC from 16k to 25k (more then 50% gains)
Now we are reached the most challenging level for bulls in 2023 which its 25k in weekly chart
In the chart you can see :
1– it was the level of last Higher low
2– Convergence of 50w ema and 200w ema first time in history
3– Horizontal resistance which rejected price twice before ( Bullish rejection in may 2022 and bearish rejection in august 2022)
The most important level is 25k everything else is just noise . I want to see massive candle in weekly chart above this level to end the bearish structure as it would be the first higher high after the top in November 2021
