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I’ve got some bad news for those who are still hoping to buy BTC below 6k
200-Week MA is currently at 6.3k
The fact is that Bitcoin has never broken down the 200-Week MA Moreover, 200-Week MA has never had a negative slope! Now it’s increasing by $50 every week, which means that in September it will be above 6.5k
The multi year downtrend is broken + block reward halved this year Guys, aim at the Moon for the coming years!
BTC Monthly Last month we got the Second Highest Monthly Close in Bitcoin History! This is Huge
So, the Weekly is not so bullish as the Monthly. We still have to close above the Major Resistance Level - 11.6-12k. If we do, next Target would be the 1.618 Fib extension at 13.7k which lines up with the monthly Macro Target
What do you think about it? Share your thoughts in the comments!
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Target Reached! Profit 18% without leverage
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Target reached! Profit 18% without leverage
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Target reached! Profit 62% without leverage
P.S. Next Fib extension level (3.618 Fib) is at 24k
Thanks for the great analysis, as always. Much appreciated. Everything looks ultra bullish except the CME gap below 10k, but even such a pullback would be ultra bullish, so there :)
@PlanB_Thomas, I agree with you that the CME gap below 10k should get filled one day, but it can take a while. And a dip below 10k would be a great buy the dip opportunity
TradingOn
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You nailed it so hard it's almost unbelievable! I had a similar view that played out rather well too :)
CryptoBullet
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@Zblaba, thank you buddy!
Trader_Van
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Agree with u. thanks for your sharing.
here is mine.