Riding The Wave Weekly Outlook #113
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Table of Contents
Tweets
What’s Happening Now &What Might Happen Next?
Tweets
https://twitter.com/intocryptoverse/status/1765572671935287679
https://twitter.com/MikeIppolito_/status/1765733948502524297
https://twitter.com/dotkrueger/status/1765380390951457245
https://twitter.com/alpha_pls/status/1763541996684161040
https://twitter.com/woonomic/status/1766041608229998930
https://twitter.com/MatthewHyland_/status/1765952597293216022
https://twitter.com/woonomic/status/1765968241099420068
https://twitter.com/JasonPLowery/status/1766140611352989999
https://twitter.com/krugermacro/status/1766217409843634267
https://twitter.com/nestayxbt/status/1766139624278327745
What’s Happening Now &What Might Happen Next
Bitcoin is currently holding just under $70k where the last cycles All Time Highest price was.
It has extended through the top of the Bollinger band which historically has led to a pullback or consolidation period during past Bull markets.
On the daily time frame we are seeing Bitcoin struggling to breakthrough the top of the 12th resistance region into new price discovery.
Currently, the EMA ribbon indicator points to a strong uptrend in terms of momentum, which would require a sharp drop in price to break the trend.
Bitcoin's market cap is once again above all altcoins combined, which has happened at the start of each bull run in the past.
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