BTC hasn’t exactly taken us out of the bear market yet, but man is it looking good. This is almost the cleanest breakout we have had the entire bear market since the 2017 top.
It will be interesting to watch and see if this uptrend can set us on a path to new heights or at least break us out of that long painful bear market of 2018.
Right now I’m looking to see if the weekly can push above that confluence of EMAs and then start trading above it. It has pushed through in the bear before, but it has never solidly held above it for any substantial length of time.