Market Meditations | March 25, 2022

Macro Structure: Not so dissimilar to Bitcoin. Sideways consolidation and recently reclaimed 100 Day Moving Average.

Key Support: $50.

Key Resistance: $80.

Looking Forward: If we were to break $80 then $100 is not out of the question. Every move to the upside faces the significant challenges of BTC experiencing sideways consolidation in a macro downtrend.