Bitcoin / TetherUS
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Continued Daily Projection for Bitcoin's current climb

Using linear regression analysis and volume profilling, the current climb is well within expectation. The current climb matches the ascending wedge I posted in my last idea. This is just the same projection but easier to visualise. The bearish scenario is we fall out of the ascending wedge and fall downstream into the macro descending triangle, in which case another long opportunity and chance for the bulls awaits at 28K. But we could hit it a lot sooner so keep your eyes peeled. The purple box is a liquidity zone (order block) on the Daily chart which is being respected. So expect some ranging there until we either fall or break out one way or another. Since we pushed through the orderblock beforehand, and with confluence between the volume profile, linear regression and the asc-wedge, the next bull long target is around 44.5K at the current momentum but could come a bit higher and sooner (respecting the trendline). I expect us to push through the OB.

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