Bitcoin & Macro Market Analysis - January 13th

Last week, we had 17 consecutive green candle bar on 1H chart which rarely happens.

This must be related to whale buying move on $BTC.

Thus, let’s review the similar moves in the past.

1st one was in Jan 1st 2017 which was the very beginning of the biggest bull run in 2nd BTC Halving Bull Cycle in 2017.

2nd was in Jan 14th 2023 which was the very bottom area of the long-term bear cycle in 2023.

3rd was in Feb 26th, 2024 which was Right before the final rally of BTC Spot ETF Approval, also right on the strong support line of the falling edge pattern.

4th was in Nov 12th 2024 which was After the rally of Trump Win in US Election, also right under the current strong support lines.

Then, 5th, this time is in Feb 10th 2024 which was right on the current strong support lines.

For more detail:
https://orblabs.ventures/106039/

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