In last week’s letter, we outlined a handful of key bullish developments leading us to forecast a high probability of an upward resolution from this consolidation.
Alleviation of the selling in futures and renewed spot demand pointed to a high probability of Bitcoin resolving higher out of this multi-month trading range.
As of the writing of this note, we’ve seen this take place, with Bitcoin taking out resistance at 46,000.
More aggressive long positions are now warranted.
Summary of Today’s Topics
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