🅱️ Bitcoin Short-Term (Wait... Not So Fast!) 100% BULLISH!

26 giu 2023

After more than 3 months of consolidation Bitcoin produced a bullish breakout.

The bullish breakout has been going for a few days only... Crash? Not so fast!

3 months of consolidation is a really long time. There is no need to consolidate for 3 months just to challenge the previous high and "crash" two days later... After a strong bullish breakout, Jan-March, this new breakout is the continuation of this initial bullish move.

This is the bigger picture though, higher highs and higher lows.

As for the short-term, we need to focus on the numbers, guessing can lead to mistakes... If we just randomly guess, we can get it wrong.

If BTCUSDT trades above $29,600 - $29,800 the short-term bias is strongly bullish.

This bias remains bullish all the way to $27,350...

BTCUSDT is currently trading above $30,000, which means, super strong. 100% bullish.

There is no need to look for nor expect a crash with such a strong price, only if the support levels above fail we should look for more low.

Since the price continues strong even with 3 days red, we remain 100% bullish unless the chart changes.

The entire Cryptocurrency market is set to continue growing for weeks if not months.

Namaste.