Bitcoin trend confirmations it's on track for all time highs
The key to reversal of a trend is price structure and progressive confirmation
Bitcoin created triple bottoms in november 2022 followed that up with an uptrend, then created another bottoming price action in march
The trendline created using these bottoms got further confirmed in june as it broke above 31k after 1 year
Along the way it managed to break important levels that further strengthen the view that worst is over
This trend reversal now is good enough for Bitcoin to be taken to new ATHs. Also this view gets a lot of room because now Bitcoin can afford a deep correction and still maintain a bullish trend
If it manages to see a weekly closing above 31k, it can post more gains immediately, if not we may see a rally after some correction
Disclosure: Views shared for educational purposes
Bitcoin created triple bottoms in november 2022 followed that up with an uptrend, then created another bottoming price action in march
The trendline created using these bottoms got further confirmed in june as it broke above 31k after 1 year
Along the way it managed to break important levels that further strengthen the view that worst is over
This trend reversal now is good enough for Bitcoin to be taken to new ATHs. Also this view gets a lot of room because now Bitcoin can afford a deep correction and still maintain a bullish trend
If it manages to see a weekly closing above 31k, it can post more gains immediately, if not we may see a rally after some correction
Disclosure: Views shared for educational purposes