While Bitcoin can rally during periods of rising interest rates, as it did after the last bear market, current structural conditions and the latest CPI inflation data suggest caution; key resistance levels around $82K-$84K, the 21-week EMA, and 200-day SMA, along with the short-term Elliott Wave structure, indicate that while $95K cannot be ruled out, a larger top cannot be confirmed yet.
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Bitcoin to $95K? Key Resistance & CME GapAdded:
Of course, Bitcoin can rally with interest rates going higher and everything, yeah? Of course, it could.
Yeah? That is always That's what I said as well in, you know, after the last um bear market. So, I mean interest rates were still going up, okay?
Bitcoin still still went up, but that necessarily it wasn't, you know, the tailwind Bitcoin needed to maybe even go even higher, right? Bitcoin did it despite that, yeah? Because Bitcoin can do that. But, the structural conditions were there at the time. At the moment, the structural conditions rather suggest caution. The same what this CPI print suggests. So, yeah. I think that is very much aligned. And now, let us also take a look at the um shorter time frame for Bitcoin. I mean, that really hasn't changed much. So, we don't need to dive too deep into this, but I'm still tracking um the structure as per the last video update as a possible one-two setup. Now, what does that suggest? It does This is a 15-minute chart, by the way. I showed you the higher time frame. I showed you that we are just below the upper boundary line of this trend channel, right?
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