๐๐ก The Previous All-Time High of Bitcoin from 2021 remains a critical milestone on our journey. Will we conquer it and close above on both weekly and monthly charts? โณ๐ In less than 4 hours, the weekly verdict will be in, while just under 2 weeks await the monthly decision. ๐๐ Failing to surpass this level could trigger what I term a "range deflection," leading to a downward rotation within our current range. ๐๐
For bulls who entered at $15k, this moment is pivotalโdeciding whether to secure profits. ๐ฐ๐ญ Meanwhile, those who endured the bear market now see green, pondering whether to cash out or aim for the elusive $100k mark. ๐๐ Newcomers tread cautiously but with optimism, eyeing potential gains. ๐ค๐ With millions of traders on edge, the stakes couldn't be higher. ๐ผ๐ฅ
A failure to close above, coupled with a bearish shift in market structure on shorter timeframes (4h, daily), might signal a significant retracement for Bitcoin. ๐๐จ
For bulls who entered at $15k, this moment is pivotalโdeciding whether to secure profits. ๐ฐ๐ญ Meanwhile, those who endured the bear market now see green, pondering whether to cash out or aim for the elusive $100k mark. ๐๐ Newcomers tread cautiously but with optimism, eyeing potential gains. ๐ค๐ With millions of traders on edge, the stakes couldn't be higher. ๐ผ๐ฅ
A failure to close above, coupled with a bearish shift in market structure on shorter timeframes (4h, daily), might signal a significant retracement for Bitcoin. ๐๐จ