Bitcoin is looking really good here from a technical standpoint… We have recently broken through a major trendline on the daily that goes back to August 2022. We are now toying with major support and resistence level of $17146 USD and if we can turn resistence into support we could see a move higher towards $18500 USD. If we get rejected from here then I expect us to stay range bound going into 2023.
Fundamentally Bitcoin has seen ALOT of downside in 2022 and there is soo much bad news already priced in so, what more can go wrong for Bitcoin? Everyone talks about a Santa Rally but Bitcoin is setting up for a major move. I’ll be watching and updating from here
