Big moment for Bitcoin PA right now.
As we can see, BTC PA is up against a line of resistance, that is reflected in many charts, LOG or Linear.
On this LOG Heiken Ashi Chart, we see PA hitting up against a line of a Fib Speed Fan.
Looking back down the chart, we can see that PA has had a problem breaking UP into a New Channel for a while now.
The Last Time, It lasted a few days and then got pushed back down.
In fact, the last Time we stayed in a New channel for a period of time was back in Oct 2023
So, we need to break over this line or rejection to the Lower side of 45K is very likely.
Hashrate is on th elow side and a rise in this could be trhe boost....
Watch carefully.....Things maybe about to change
On this LOG Heiken Ashi Chart, we see PA hitting up against a line of a Fib Speed Fan.
Looking back down the chart, we can see that PA has had a problem breaking UP into a New Channel for a while now.
The Last Time, It lasted a few days and then got pushed back down.
In fact, the last Time we stayed in a New channel for a period of time was back in Oct 2023
So, we need to break over this line or rejection to the Lower side of 45K is very likely.
Hashrate is on th elow side and a rise in this could be trhe boost....
Watch carefully.....Things maybe about to change
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