Markets closed. Time for the weekly analysis with a calm mind.

The most conservative and straightforward chart is the BTC to SUPPLY ratio. It is what it is; everyone can see it, and honestly, there’s not much to add here. Super bullish.

This week, #BTC broke through the major downtrend line and significant resistance at 74k. A weekly close above 74k means the next zone is around 90k, likely in December/January.

A drop below 74k would mean a deeper retest of the 69-72k zone nothing to worry about; it changes nothing.

Invalidation occurs if the broken trend line and the 60-62k zone are lost.

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