I generally don't pay much attention to technical analysis (TA), especially in regards to the #bitcoin fiat price. But I drew some lines on a chart (below) for the degen traders out there.
Based on recent changes and new trends in major #macro conditions--especially the US dollar, global M2, US ISM manufacturing, and compressed bitcoin volatility--I think that we are drawing close to a major inflection point.
If you are bored with the recent price action, you are unlikely to be bored much longer (days/weeks).
Personally, I would love to see a classic leveraged long liquidation cascade to jump start the 2025 bull market... but this may be wishful thinking.
Anyway, GM.
Based on recent changes and new trends in major #macro conditions--especially the US dollar, global M2, US ISM manufacturing, and compressed bitcoin volatility--I think that we are drawing close to a major inflection point.
If you are bored with the recent price action, you are unlikely to be bored much longer (days/weeks).
Personally, I would love to see a classic leveraged long liquidation cascade to jump start the 2025 bull market... but this may be wishful thinking.
Anyway, GM.
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