Bitcoin (BTC) -> Bullish Cycle Coming

My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks, crypto, options and indices🖥️

I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!

In today's anaylsis I want to take a look at the bigger picture on Bitcoin.


Looking at the chart of Bitcoin you can see that just 8 months ago Bitcoin perfectly retested the previous cycle high of 2018 at the $18.000 level and rejected towards the upside.

I think that the whole crypto market but especially Bitcoin is ready for a new bullish cycle and after another short term drop on Bitcoin I do expect a longer term bullish continuation.

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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.

Keep the long term vision🫡