Climactic Moment for BTC

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.