Vic on Nostr: After strong ascent with the traditional market open yesterday, price cleared the 50 ...

After strong ascent with the traditional market open yesterday, price cleared the 50 day SMA (64009) as well as the lower bound of the Pi Cycle Top (64923) to just over 65K before a bit of pullback to under 62.5K for profit taking. For the shorter time frame, we can see the ascent continuing off those low leels, having recovered back to reclaim 64K putting it at the 50 day SMA level. Expect another nice day of traditional market activity.



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Price hit the 63K level a few hours ago, and has begun a little pullback and profit taking before traditional US market open. The daily and weekly open (59174) was just under the 200 day SMA (59227). The swing over the past 10 days has been just under 10K, illustrating how rapidly price can move either way. Expecting some volatility today.


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