BTC trying to reach 25k and I hope it does today!



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page parity, soon?


https://twitter.com/naiivememe/status/1635317277158678529

New yearly high: $25,550. Now to see if the bears can do anything about that as they haven't had a lot of luck in recent days! Gut feeling* tells me that this isn't the break-out yet after moving from $20K to $25K within only a few days, as price remains quite overbought on short-term time-frames. But otherwise Daily time-frame isn't even overbought yet while Weekly is only just flirting with being bullish let alone overbought.

Also loving how bullish the Monthly time-frame looks right now, as well as the Weekly above 50 WMA. If price does break out above $25K then won't be surprised to see $30K this week that's for sure.

Now realising that price isn't even that overbought on short-term time-frame like 4hr. Can certainly go higher and remain overbought for numerous days like back in January.

*Generally speaking, it's best to ignore my gut feeling in these scenarios

In hindsight, everything about the most recent pull-back was text-book TA. Easy to say in hindsight I know, but I was always eyeing up $19K to $20K as a support zone, as were many others.

Wasn't just turning previous trendline resistance into support either. Price came back to re-test 200 DMA at $19.7K after golden cross last month. Many forgot that this golden cross even happened, but for any patient investor wanting to try and buy into a trend reversal based on moving averages, that was basically it. Then we saw price immediately continue to the upside...

I guess the SVB situation accelerated the process to some degree, but bouncing back from $20K was always looking likely based on numerous indicators suggesting the trend had already reversed.

Not just to wait for some decent volume... closing above $25K today will be uber bullish imo.

Go go go

We'll never ever see sub $20k again.

The train has left the station.

We reached 32,000th page on Wall Observer.

Goo