source avatarDaan Crypto Trades

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$BTC How quick things can change. Just over a month ago BTC was struggling in the low $60Ks as it was sitting at high timeframe support. Now it has flipped all its weekly levels and any buys done last month are sitting very pretty. That is why I always preach to stay level headed and don't count a level broken (both up and down) before it actually is broken. A lot of people did not start buying in the months BTC spend in the $60Ks because the cycle "had to" bottom in October. Meanwhile, price held its support and rallied almost 50% from its lows to the recent highs. Averaging in low is always the way to do it. Even if you are not certain it is the final bottom yet. For now, eyes on $83K to see if BTC can close the weekly above it and fully confirm the weekly market structure break.

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