Unveiling Bitcoin's Hidden Secret: The 31,000 Level

weslad Updated   
Delving deep into Bitcoin's chart once again, we've uncovered a hidden secret level that has significant implications. The 31,000 Level stands as a crucial threshold separating the bullish and bearish sentiments. Notably, BTC has recently reclaimed this level after a staggering 532 days of trading below it since the breakdown in May 2022.

This level's significance dates back to its initial breach in December 2020. Despite several attempts to break it down, each time the price dropped, swift buying pressure emerged, maintaining BTC above this level for approximately 497 days before its breakdown.

Our comprehensive analysis highlights key levels to monitor, emphasizing internal and external supply and demand zones, and assessing their respective strengths.

The bullish territory resides above the 31k Bridge, marked with vibrant GREEN, signifying potential bullish momentum. Beyond this lies the Extreme Bullish Zone, hinting at the possibility of new All-Time Highs (ATH).

Conversely, the Bearish Zone, represented by Faded RED, resides below the 31k Bridge. Below it lies the Extreme Bearish Zone, signaling a treacherous market territory. Given BTC's current adoption trends, revisiting this level seems doubtful.

Attached to this analysis is one of our legendary posts that accurately forecasted the bottom and speculated on the timing of the ATH.

Your engagement matters! Show your support by hitting the like button to boost the post. Leave your comments to share your thoughts on our findings.

Enjoy the bullish BTC wave while it lasts.

Thank you for your attention.
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Important 31,000 Level

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We don't just offer long-term market insights; we dive into shorter and mid-term perspectives for Bitcoin.

You might recall a significant post where we recommended purchasing BTC amidst prevailing panic. Our focus was on the Inverse Head and Shoulders pattern, patiently awaiting its complete target.

It seems the price is now on its way there. We encourage you to review this analysis as it could guide your trading decisions for potential opportunities.

Your feedback matters! Share your thoughts with us in the comments section to let us know your perspective on our findings. Stay tuned as this post will be regularly updated with the latest tradable insights on BTC.

Keep the engagement going by boosting the post. Your support fuels our ongoing analysis and updates.

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This is excellent! The 31k level has solidified as crucial immediate support, while the resistance persists around the weaker internal resistance zone of 45k-48k.

This defines our new trading range, spanning from 48k to 31k. Keep engaging and don't forget to boost the post.
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The 31,000 BTC level has played a pivotal role, notably functioning as a liquidity grab as observed in one of our prior analyses. Its impeccable performance before the last downward plunge before the significant move underscores its strength.

This level, at 31k, remains a formidable barrier. Observing BTC's reaction to this level in the forthcoming days, weeks, or even months will be crucial.

The market's response to breaching or holding this level will be telling of potential future movements.

Embrace the bullish sentiments prevailing in the market and let's keenly watch how BTC navigates this critical level.

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Enjoy our new update

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We should have trust in 31k support zone, the price will take some time above this area.

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