crawfordpaul

BTC Long- Trust These Higher Lows

Long
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
While BTCUSD has shown some major gains already this year. The rally to new highs does not seem to be finished. Showing great strength and consolidation in this range, the higher lows point towards a solid re-accumulation. Furthermore, clear topside liquidity at 71527 is a great confluence for continued buying pressure, I expect the market to really suction towards this point, it also serves as my initial target for this trade. At this point, failure to hold 63055.50 (daily candle close below this level) would point to more blood so keep that in mind. All that said, strength off lows and continued media coverage during halving can really send this market back through highs with ease. My 2024 price target for BTC would be 87500, notably this is the measured move of the range formed.
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