The Long Investor

$BTC TOP 20

Added 2025-04-27 18:14:33 +0000 UTC

Big talk this week is whether or not $BTC has decoupled from the US market which it has typically been in sync with.

Also many are looking at the M2 supply and can see that it is going higher, which typically is bullish too.

This is the weekly chart above so it is not easy to see the wave counts since $74k....but the there is a 3 wave bounce so far and the 2nd wave is very typical of a corrective bounce with a shallow pull back.

Price also held at the 0.618 Amber Fib resistance level at $96.1k today too on Friday, so the market has identified the significance of this resistance level.

Let's see how the futures open and the PM tomorrow....the bullish count would have this going to the 4.618 Fib at $123.2k

But for now, we must go with the dominant count, which is the ABC correction as shown.