As #Bitcoin #BTC continues to consolidate above the 200 day Weekly MA, let’s take a look at the overhead lost supports that could very well become points of resistance on any move up. I am particularly curious to see how the Bitcoin price will react to any tap of the $28.5k to $29k region. In the event we break through that we could see Bitcoin revisit the 32k area. Stiff resistance will be hard to overcome in light of the overall macro economy and geo-political situation in Eastern Europe. Of course, these macro factors are subject to change and it behooves the savvy investor to consider developments across the globe in conjunction with their technical analysis. Nonetheless, the 32k area makes sense for bears to target as an entry to really be able to sweep the 12k to 14k zone. If enough volume is mustered, however, Bitcoin may be able to surprise the market and make a push to the 40k zone before the year is out. Although improbable, it cannot be discounted as impossible.