TheLiquidityHunter

Bitcoin hyperbull phase

Long
INDEX:BTCUSD   Bitcoin
It appears that Bitcoin is not offering any discounts at the moment; instead, it's driving upward rallies and engaging in corrections through sideways combinations. Even if the yellow wave 4 has reached its bottom, the upcoming target could likely result in a truncation for wave Y. The target seems to be surpassing the 100k mark.

We haven't breached any supporting channels or violated the pitchforks. Additionally, we haven't broken any Simple Moving Averages (SMAs) that could indicate the onset of a bear market.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.