#BITCOIN ⟶ BULL RUN INCOMING??!
📣Despite the recent decline in Bitcoin's price, "Michael Saylor", a prominent figure in the cryptocurrency market, continues to advocate for holding onto Bitcoin. This comes as some analysts, citing recent US employment data, anticipate a potential interest rate cut by the "Federal Reserve", which could drive up riskier assets like Bitcoin. In this analysis, we will delve into the technical reasons supporting this view👇👇👇
🔥#Bitcoin / ⏱Daily Timeframe
📌#Bitcoin failed to reach above the bearish channel on the weekly timeframe during its previous bull-trend.
🔻Subsequently, it has retested the channel's bottom with the recent decline.
🚀As a result, there is potential for growth based on a double bottom pattern and a triple divergence, targeting the channel's upper boundary.
✅This rally could initiate from the current channel bottom or the support zone of $49,000.00 - $50,096.10.
⚠️If it rallies from the channel bottom and reaches the first target of $57,877.90, a pullback to retest the second support zone is likely before a substantial uptrend resumes‼️
🙅Regardless, a breakout above the first target ($57,877.90), which is a crucial resistance level on the daily timeframe, is essential for the uptrend to continue✅🚀
🎯Subsequent targets include:
🚀Target 2: $66,755.85
🚀🚀Target 3: $74,537.70
❌The stop-loss for the bullish scenario is a breakout below the bearish channel and a daily candle close below $49,000.00 on the weekly timeframe.
🔄In this case, the trend would shift from bullish to bearish, potentially targeting $41,218.20 and then $34,494.20👆👇
..................................
🔥#Bitcoin / ⏱Monthly Timeframe
🔥Potential for a Significant Uptrend🚀🚀
✅On the monthly chart, #Bitcoin is showing signs of forming a flag pattern, which could signal a substantial price increase.
⁉️However, for this bullish scenario to play out, the price needs to break above the flag pattern on the monthly timeframe.
✅If this occurs, #Bitcoin could potentially rally to around $155,000🚀🚀🎯💰
🔥#Bitcoin / ⏱Daily Timeframe
📌#Bitcoin failed to reach above the bearish channel on the weekly timeframe during its previous bull-trend.
🔻Subsequently, it has retested the channel's bottom with the recent decline.
🚀As a result, there is potential for growth based on a double bottom pattern and a triple divergence, targeting the channel's upper boundary.
✅This rally could initiate from the current channel bottom or the support zone of $49,000.00 - $50,096.10.
⚠️If it rallies from the channel bottom and reaches the first target of $57,877.90, a pullback to retest the second support zone is likely before a substantial uptrend resumes‼️
🙅Regardless, a breakout above the first target ($57,877.90), which is a crucial resistance level on the daily timeframe, is essential for the uptrend to continue✅🚀
🎯Subsequent targets include:
🚀Target 2: $66,755.85
🚀🚀Target 3: $74,537.70
❌The stop-loss for the bullish scenario is a breakout below the bearish channel and a daily candle close below $49,000.00 on the weekly timeframe.
🔄In this case, the trend would shift from bullish to bearish, potentially targeting $41,218.20 and then $34,494.20👆👇
..................................
🔥#Bitcoin / ⏱Monthly Timeframe
🔥Potential for a Significant Uptrend🚀🚀
✅On the monthly chart, #Bitcoin is showing signs of forming a flag pattern, which could signal a substantial price increase.
⁉️However, for this bullish scenario to play out, the price needs to break above the flag pattern on the monthly timeframe.
✅If this occurs, #Bitcoin could potentially rally to around $155,000🚀🚀🎯💰
עסקה סגורה: היעד הושג
Hey everyone✋
😉Did you guys follow my previous #Bitcoin analysis⁉️😅
✅It accurately predicted the bounce from the first support level and even hit our initial target!🎯🚀
💰That's a 7% gain in Bitcoin, just as I expected🎉
🍻Hope you all made some profits
🔥The fact is, our initial target of 57,877.90 for #Bitcoin has been reached, which was the most significant resistance level.
🧐Curious about what happens next?
🧐Will we see continued growth from here, or could there be another dip first⁉️
✅I've prepared a new analysis that outlines a complete roadmap for maximizing profits in this rally🚀💰
😉Ready to dive in⁉️
Make sure to check out the new post!
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פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.