Bitcoin is still in a weekly uptrend it must either go up or down to ≈$109500 - a strong weekly support

Bitcoin is still in a weekly uptrend it must either go up or down to ≈$109500 - a strong weekly support

two factors in play here:

1️⃣ USD index - inverse correlation
2️⃣ Global liquidity- correlation

keep watching central bank's open market operations & balance sheets

bitcoin went up 6% from the weekly support line

until the end of this month, bitcoin will either see a new all time high or retest the ≈$0.1095M support

this is the daily timescale of the same chart - the blue and red lines are weekly, green is daily

just a quick check-up

and there you go, Bitcoin reached a new all time high 😄

notice how precisely it respect the trend lines

and soon the Eurozone will join the new BTC all time high party 🇪🇺🥳

Bitcoin still hasn't seen a new high in EUR since January 2025

this happened to due the relative appreciation apprtetiation of Euro against US dollar

and there it is - a new BTC all time high in Euro 🇪🇺🥳