Bitcoin Bull/Bear Battle
The large arc has kept price contained for over 3 years and appears destined to guide BTC higher. However there are bearish forces at work (some see a head and shoulders pattern, and Wyckoff theory may point to lower prices ahead). The smaller inverted arc has guided us beautifully to where we are now. There is a bullish descending wedge in there as well (dotted lines). On top of all of that the 12-month moving average is targeting this spot, to add to the significance of what happens next. One thing is pretty certain - we'll know very soon if my arc can survive this latest test.
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