Bitcoin has completed its task of giving breathing room to the entry at 41000 from last week.
I believe it is rising out of… 40 week cycle low having formed in February or March… it is unclear, but it is melting up peaks, and the sellers are leaving.
The 40 week downward VTL is broken by price as of now…
The 80 week FLD has just been broken by price as of now…
Hurdles exist at:
Major Low Volume Node (LVN) at 45565
Overhead resistance at 40 day VTL at 45000
Exits:
Value Area High is at 54100
Various FLD projections saying 54000
