Vic on Nostr: Price hit the 63K level a few hours ago, and has begun a little pullback and profit ...

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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Following the assassination attempt on Trump at a rally in PA, price jumped up a notch to the 60K level. First time Bitcoin has been above the 200 day simple moving average since pressing under on the 5th. RSI is also elevated above 50 for the first time since the beginning of the month. At this point, to continue the prior downtrend, the dump would be a swift 10+%. I think we could have some pullback on this after the trad markets react to the news in the early part of the week, but not that low. If price pumps to 63K level, it could stay there for awhile crabbing right, long enough to regain footing and avoid the pending death cross later this month.


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