Climactic Moment for BTC

https://cdn.steemitimages.com/DQmSxcAbeSK9H4XS4bxeKa6w6Ao7YpJJ4mU9LJL6grdcE7v/1000079974.jpg

Bitcoin is in consolidation right at its ATH. We're waiting for a reaction soon.

When working with the ATH level, we consider two scenarios:

— A fake-out with a pullback to 71k.

— Or a true breakout with an acceleration toward new key levels.

Macro data is also positively impacting the crypto market right now:

• GDP (Q3) — 2.8%

• Personal Spending (PCE) 1.5% (instead of the expected 2.7%) — budget cuts, weakening consumption.

• Core PCE 2.2% — stability is maintained.

• Consumer spending rose by 3.7% year-on-year.

This report could contribute to a weaker dollar, and as we know, a weak $ = a strong Bitcoin. We're waiting and hopeful that this is just the beginning for the market.