This BITCOIN rally is NOT under pressure , Here is whyBitcoin / U.S. dollarBITSTAMP:BTCUSDOrriginal All the Cheap, Blast Headline, Click bait posters will have you belive BITCOIN maybe in trouble. But the FACT is, as of now, that is NOT the case. PA is simply coming back down to test an old line of Support AS SUPPORT AGAIN. This is Very Normal action after a push higher, as any skilled chartist will let you know. So, those Trendine PA blasted through, that are about to be tested as support are actually very old. AND STRONG The chart above is a 4 hour chart to show details More info if we zoom out. The Daily chart So here we see those trendlines a bit more. On this chart, we also see the Fractals from the previous 3 cycles......and we see how PA is VERY different so Far. SO, the Panic can start IF we fall through the 3 lines of support that exist in this area It is as simple as that However, watching the DXY $ right now is a good idea and the now expected interest rate Rise in EU and USA nay upset things for most investers , in the past, Bitcoin has ignored Rises in interest rates iwhile in or near a Bul Run. The chart below is BITCOIN USD and the red lines are FED interest rate decisions, with the decision marked in white. You can see, that despite rises in rates at various times, like 2023, PA continued to rise. This chart actualy runs from March 2021 but is now hard to show all in one go but I will repost the entire chart this month, the day the FED announces its September decision. Till then, lets see if PA bounces of Support, as I expect it will