$BTC is FINALLY starting to gain some strong bullish momentum to start the week… 👀

As we’ve mentioned several times over the past month, Bitcoin has been sitting at crucial support on the weekly chart, that support being the 100MA and the 2W 50MA.

We’ve been talking about how price MUST bounce from this level if we want the market to continue higher, and that’s exactly what we’ve seen today…

Bitcoin has rallied all the way back above $94k for the first time in WEEKS, but it’s important not to get too excited yet. This move could very well lead to a dead cat bounce once price reaches the $100k–$105k level, as seen on the chart.

I think this level will act as strong resistance since, this time last year, it was the same area where we saw price struggle to hold above.

Although I do think ATHs will be difficult to reclaim this year, it’s still not off the table. Regardless, there have now been a LOT of on-chain opportunities with volume ramping up again. We’ll be keeping a close eye on this chart…