what about the news of rising US interest rates?
it happens in the next month, and will most likely have an impact on the crypto market especially bitcoin. even though the technical analysis of the graph shows it will go up, but also pay attention to the supporting fundamental factors. so most likely bitcoin will react the other way around.
I don't any bullish signal on those graph but rather a retest on the trend line that controlling this current Bitcoin market. There's always a different effect for Fundamental Analysis which you mention and a Technical analysis. The common result in the price If this 2 didn't synchronize to each other was a sideways and wait on for trend confirmation before it create firm move upside or downward. I'm more on a sideways movement on Bitcoin because really no good or bad news that will give heavy impact the price except if the war between Russia and Ukraine continue.
Which is to say, there's probably some useful information you can glean from charts—but it won't tell you when to buy or selll. Could it seems to be the case that the same is true for Bitcoin? After all, many analysts have been trying to estimate what its price will be. Yet, as we argued in Leveraging Liquidity,defining price and valuing a non-profit currency is not obvious.
I think BTC will move sideways but with a little bit of uptrend due to the war that is happening in Ukraine.