Shwayze

BTC - On track as expected - nothing unusual

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin is on track to either hit the previous All Time High, or Break it, with a formation of this ascending triangle. This is a bullish formation, where the price accumulates on top, and the lower prices are brought higher and higher, until there is a breakout upwards. Historically this pattern has a success rate above 70%.

Bitcoin Dominance should have hit a bottom and will reverse, as I said previously with this chart.
Bitcoin is on track for around a $115,000 price - as shared in prev post. and potentially 250k-300k in 2024.

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