Quick update on BTC

ravness

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So based on the chart I posted previously, things are looking pretty good for bitcoin. I believe new TETHER is being printed out which doesn't hurt bitcoin's future in the slightest. Remember, tether hasn't been printing any new ones for a while now, which helped contribute to the price we are now.

Timeframe: 4 hour
https://www.tradingview.com/x/CRE5INpJ/

So on the 4 hour, we are in a pretty good uptrending channel, but the only concern here is that it's been going up for very long and we are piercing the red cloud. Once that happens, it's usually means a "No Trade Zone" at least for me. It could easily go back to 8.2k due to it as well, so keep that in mind if your an active trader. You should be fine if your a long term investor, but keep in mind of the 24 hour Channels I will show you now.

Timeframe: 24 hour
https://www.tradingview.com/x/4CNYXTyD/

So what's going on here is that we haven't overall broken through the downtrend channel, which is still concerning to me since most people think we are in the clear. So keep that in mind if your actively trading, it breaks at 10k. Even then, I usually wait 3 candles to confirm on the daily.