$BTC - Crucial Level 
2024-12-22
Category: None

We got a nice absorption into 92k, price rebounded with bullish flows in equities this brought back the passive buyer behind price.

So far, we're holding 96k during the weekend, however, weekly close will be a tell-tell as we need to get above  m_rvwap 

We're now rejecting at 98.5k and if we can't get above our  m_rvwap , higher chance we'll slow bleed until 88k to 86k.

98.5k is a crucial level to reclaim in the short term, else, will consider this as bearish retest.