
Previous high became support. 50-week SMA held. Price approaching ATHs. I speak. Price listens.
Sultan 👑
4.6K posts

@CryptoSultan21
Semite || Data Science || Trader

Previous high became support. 50-week SMA held. Price approaching ATHs. I speak. Price listens.




This is one of the most interesting patterns I've seen in a while. Over the past 3 years, Bitcoin has been consistently turning previous highs into support. These support levels also happen to coincide with the 50-week SMA, a key long-term trend indicator. That structure is being tested now; maintaining it means a revisit of ATHs, at the very least.



@ach_wil_win A lot of it depends on how Trump approaches the market after his inauguration. From where it currently stands, it's highly likely we see a blow-off in Q1 with potential intra-cycle double peaks similar to 2013 & 2021.













Bearish mid March and April ✅ Bullish May ✅ Bearish mid June ✅ Bullish mid-August into Sept ❓ $BTC

