BITCOIN GOLDEN CROSS ON THE DAILY CHART

We have the UK saying that they are planning to ban the holding of their CBDC. This is part of the scary of Central Bank Digital Currency, the fact that they have complete control over this money that is completely programmable. Imagine you have got your CDCC account, you have got 10,00O pounds in your account, and when you try to add 10 more pounds to it and the system tells you that you can add any more funds into your account. We are going to be having an expiring date on CBDC, you might be getting a notification that you have 90 to spend your CBDC before they are invalid. It is not only going to stop you from having too many of them, but it can also have a situation where it could have an expiry date.

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Right now, Bitcoin has to get put in the golden cross on the daily chart, which is very exciting but if we check the weekly chart we will see some interesting things. The first is that we are just coming up on the 200-week simple moving average, we have not yet crossed over that, we are still in the but zone for Bitcoin. What I find very interesting is that if we can cross over that area, if we are going to get to what I think could be the 2023 buy watermark of $48,000, $29,000 is a good level to watch. That's because May, June, and July of 2021 are when we find our mid-cycle support.

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If we can see the Bitcoin price closing above $29,000, then $48,000 could be the likely target for this 2023 market rally. If the big flip of $29,000 happens, that will be a big signal that can spark things in the markets. It is very exciting recently, we are having great candles, and we have seen some coins skyrocket which is generally how we see these things playing out. We have seen Bitcoin making its big moves first, Bitcoin cooling off, and over the last weeks, we are seeing AI coins going up 1,000%. But that is a key area to keep an eye on much bigger run. I think until we conquer the 200-week moving average and the $29,000 level, $48,000 is only a distance fantasy at this point.