Attached is the 4-hour chart of BTC against USD, at a focal price of $21,343 (own elaboration in Tradingview). In it, we can observe, in line with what we raised last Thursday in the Webinar for advisors, how the price touches -and keeps testing for a few days- the 100-period average, to start a new impulse that could make it sit on the most relevant support of the chart, which we read at $20,000. If that support is broken, the next one would be at $17,800, although we see with greater robustness the first one. This is a necessary moving break, to start what would be a new rally, provided that the fundamentals (Fed, inflation, and overnight rates) accompany it. We will keep you updated on further developments.
Chart – BTC Projection (09-13-2022)