Bitcoin: The Agony and the Ecstasy

And yet, despite the macro headwinds, Bitcoin remains a beacon of hope for those seeking a hedge against systemic risk and political instability. The current consolidation, which has Bitcoin hovering just above $105,000, is a level that many analysts are watching with bated breath. According to the esteemed Big Cheds, BTC is now approaching the 4-hour 200 moving average (MA), a historically significant dynamic support during previous bull cycles. A bounce from this level could confirm the ongoing bullish momentum, while a failure to hold it might expose the market to further downside and trigger a broader risk-off move across crypto.








