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#BitcoinETFs Currently, Bitcoin is trading at $61,800 and attempting to surpass its immediate resistance level. The next significant trend line resistance lies at $62,300. Previous analyses have indicated a bearish trend overall, suggesting that this upward movement may be temporary within the larger downtrend. Breaking the trend line resistance will be challenging, potentially leading to opportunities to open short positions. Bitcoin's direction remains uncertain, with potential for further downward movement. #BTC #ABC $ETH $BTC #BitcoinETFs
#MyFirstFeedPost Hello, Binance Square!
What i believe looking at #SP500 ,#DowJones & #Nasdaq , is more upside thus driving $BTC to new ath maybe before the Halving event, $BTC is in a multi year bull market with #ABC correction to 15k$. If you zoom out BTC to Weekly TF, you’ll see Harmonic Gartley Pattern, and when you include MACD, it shows us that the real top in 21’ was 64k$, and that 69k$, was a B wave high with a bearish divergence, thus led to bear market cycle bottom at 15k$. Since then BTC is melting all that bearish moves, and by the fundamentals of gartley, its going to takeout both aths, and should reach 78k$, before halving. Also the deep correction you all want may not happen cause ppl are too certain it has to happen, i see a shallow retracement to 60-65k$ region and then as demand grows and supply shrinks we’ll see a blow of top at least to 1.618 target at 102k$, and a fomo overshoot to fib 2 at 123000$.
What i believe looking at #SP500 ,#DowJones & #Nasdaq , is more upside thus driving $BTC to new ath maybe before the Halving event, $BTC is in a multi year bull market with #ABC correction to 15k$. If you zoom out BTC to Weekly TF, you’ll see Harmonic Gartley Pattern, and when you include MACD, it shows us that the real top in 21’ was 64k$, and that 69k$, was a B wave high with a bearish divergence, thus led to bear market cycle bottom at 15k$. Since then BTC is melting all that bearish moves, and by the fundamentals of gartley, its going to takeout both aths, and should reach 78k$, before halving. Also the deep correction you all want may not happen cause ppl are too certain it has to happen, i see a shallow retracement to 60-65k$ region and then as demand grows and supply shrinks we’ll see a blow of top at least to 1.618 target at 102k$, and a fomo overshoot to fib 2 at 123000$.
