$BTC TOP 20
Added 2023-08-26 19:52:45 +0000 UTC$BTC has had a tough week, likely triggered by Space X releasing that they have sold all of their Bitcoin possibly to free up capital, possibly other companies appeared to join them too to bolster their liquidity. The Treasury yields are also at 10 year highs too which may have attracted Bitcoin holders as a better safeguard of their money.
From the chart, the structure is still in place as an impulse wave but it is now below the 200 Day MA, which was a good support line all year, holding twice in March and June.
Holding the blue line above $25,100 will be an important to maintain the structure.
I think there is a strong future for $BTC so any substantial pull back from here is going to be bought up I believe.
