The crypto eclipse is happening and we are about to see huge movements in price in BTC .

Bitcoins price action is nearing crucial and decisive levels. On the weekly chart we are bouncing and ranging on the .5 fib almost right along the support of the upwards channel. On the Daily timeframe the .382 fib is a huge support. The two zones where Bitcoin has been ranging in are marked.

This could be potentially a great long to the next fib level on the weekly. As price action is maintaining the key supports and accumulation is increasing as the price lowers as well as bearish crossover on the macd’s and oversell on the RSI , we are poised for a pump to 35k break to 49 and then to its previous ATH. After that point we would reach the resistance of the upwards channel.

This eclipse of bitcoins price meeting all crucial supports would be the start of the next bull market for crypto, this run will be different. As more companies are taking crypto and its technology mainstream, we have the potential of ripping through countless resistances.

This is not financial advice but just a basic analysis,

Good luck.