MAXI Update - Wicked below the lows of the range

3月7日

In my previous MAXI update I discussed the risk of MAXI dropping below the channel. There was a drop below the channel that turned into a wick back above and strong rebound. I did not expect BTC to rally to all time highs before the halving at the time of the previous post. MAXI's support level held and had a nice rally with BTC. The upper range of this channel is the key price target on the way up. This price target is sloped upwards and increases over time. The current estimated target is around $31.60.