In this chart we see direct Bitcoin comparison against M1 money supply. Never broke the ATH and is currently sitting at a wide technical support level.
There is a important resistance range at 3.24 and secondary support level at 1.25.
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Weekly volumes are looking poor. Still good time to DCA but to be careful at these levels. I think we will see new lower lows unless bitcoin regain above 47 and sustain. Trading bellow 35k and we will see sub 28k prices.