Bitcoin is set to close above EMA300 ($27,000) on the 4H timeframe, this level is equivalent to EMA50 on the daily and a big milestone for the bulls.
Looking back to 29-August, EMA300 matching MA200 is the level that stopped Bitcoin's growth on its track, it produced a strong rejection.
Now, after an entire week of sustained growth Bitcoin is trading above both levels, MA200 and EMA300; a major bullish development.
✔️ Slow and steady growth is a major signal of bullish strength, what we are seeing is the preparatory stage for a major bullish wave.
Bitcoin is looking really strong and the Altcoins market is set to follow, all/everything growing at once.
✔️ This is the initial/first wave of the bull-market we will experience in 2024... It will be the strongest bullish action we've seen since 2021.
➖ It will be epic.
➖ It will be great.
➖ It will be profitable.
➖ First we g down, then we go up.
The market moves in cycles and the bearish phase is over and done.
You can start getting used to seeing Bitcoin going up.
Namaste.