Bitcoin's recent price action has been constructive.

Not bullish, but constructive.

That also means that it's been less bearish.

But even still, I can't unsee this bear flag regression channel.

I'm less concerned that I was a few weeks ago, but I won't get bullish until we're above the 2-day 200 moving average cloud.

In fact, I'm wary that we could even use it as resistance.

Why?

Just look at Q1 2022.

Then come tell me what you find.

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