Market view:
Positive news + BTC halving + ETF = Bull ?
Technical analysis:
- Chart: Side with slightly upward
+ H: breakout resistance with a solid body
+ D-W: touch 38k-40k zone, not yet penetrate
Historical data:
- 2015: 500 resistance takes 6 months and 5 times to penetrate
- 2019: 10k resistance takes 8 months to penetrate to 12k and retest 10k at 2020
- Early 2023: 30k resistance takes 5 times to penetrate => high retest probability
Cash flow:
- In the past: 1-3B stable coin mint can make BTC pump
- Now: 3.2B mint but price side way => risk🔺
Big fund ready + market fomo + pri