Ash Crypto (@AshCrypto) “Bitcoin Weekly Analysis: May 25 The chart is forming a rising channel after bott” — TopicDigg

Bitcoin Weekly Analysis: May 25 The chart is forming a rising channel after bottoming near $60,000. Higher highs. Higher lows. Bulls stay in control as long as $74,000 holds. But here's the other side. $BTC just got rejected at the top of the channel, right at the daily 200 MA, the most important level. Two scenarios from here: If $74,000 holds, the structure stays bullish. Next resistance is $83,000. Break that with volume and the door opens back toward $90k-$98k If $74,000 breaks, next support is $70,000 and if the channel fully collapses, $60,000 is next, which erases the entire recovery. Here's the deeper signal nobody is talking about: The $BTC-to-Nasdaq ratio is stuck at 2.70 and can't break above 3.0. Every time it tries, it gets rejected. $BTC isn't leading this market, It's following Nasdaq. Until it breaks the 3.0 ratio and starts outperforming tech stocks, the real bull run hasn't started yet. $74,000 is the key support to hold. $83,000 is the key resistance to break.