As we start the new week, it’s clear that Bitcoin is yet again showing lots of strength, and the odds are undoubtedly shifting in favour of a macro reversal.
I would not be surprised if we saw a retest of the prior highs around the low $80k level before seeing a strong rejection to create a higher low at new support levels.
It’s also important to note that the weekly 100EMA is beginning to break to the upside. That means there is always a chance we could break through the prior highs with strength and continue this lockout rally.
These are the levels I’ll be keeping a very close eye on this week!
