Sooner or later BTC will reach a new Top and a new Bear Market will take place, no one knows when and I will not try to guess that.
Nevertheless, when we compare the 100 Week SMA with the 200Week SMA it seems obvious that from here price will face more resistance (but it can move higher).
Ideally we will we see a larger consolidation and one of the good reasons for that is because Total Market is testing 2T. It isn't the only reason but it's one of them and I don't even see enough crypto traders mentioning that. On the other hand if we break that resistance without some consolidation we may Top sooner than many would like.
To be fair, we can't keep pushing higher and higher without ending one more Bullish cycle.
Nevertheless, when we compare the 100 Week SMA with the 200Week SMA it seems obvious that from here price will face more resistance (but it can move higher).
Ideally we will we see a larger consolidation and one of the good reasons for that is because Total Market is testing 2T. It isn't the only reason but it's one of them and I don't even see enough crypto traders mentioning that. On the other hand if we break that resistance without some consolidation we may Top sooner than many would like.
To be fair, we can't keep pushing higher and higher without ending one more Bullish cycle.
