Bitcoin supply shock is currently at levels that previously priced Bitcoin at $50-$60K.
Bitcoin is now trying to break the downtrend line. BTC rejected from this downtrend line multiple times. Bitcoin need to break and hold above $32,800. The support for now is $31,000-$31,200 and BTC need to hold this. A breakout above the downtrend line will open the path towards $35,000-$36,000.
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