WEEKLY CHART

This move has stalled. For the third week (two days left in this candle, so not confirmed), we can see price being rejected at $31,000, with a wick above that level.

BlackRock news took price from $25,000 to $31,000. That was a significant push. Is it enough to keep price rising? We will see, but the chart appears to want to consolidate and chop around between $31,000 and $28,600 or so.

DAILY CHART

Yesterday morning there was potential hidden bullish divergence with RSI. The day proved why we wait for the close of the period! Price dropped throughout the day and ended up making a lower low, with RSI doing the same. That means the bearish divergence is still active, so I would expect some further retracement.

I am again watching $28,600 or so. I do not think we go back to $25,212.