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⚡️ What is next for BITCOIN❓
📈 Today #bitcoin is rising by 2% trying to consolidate above $67K. Most of #crypto is in green zone, altcoins are growing.
💡So yesterday $BTC tried to consolidate below the crucial level of $65K but didn't succeed. Today we see that bulls are trying to get the control.
❓So, what is next for #BTC ? Is it so called dead cat leap and there's only way down or it just accumulating step before parabolic growing?
📊Today I wanted to talk with you about several important factors.
1️⃣ For now all these recent fluctuations are happening in one massive pattern - bullish flat pattern (see picture below👇). This pattern usually including accumulation step what is happening right now. Recently I have made, several posts about whales buying like crazy. So until this formation is broken, we can't say that $BTC have changed the trend.
2️⃣ Last two days we see net money infow into Bitcoin ETFs. Yes, it is not so significant as it was two weeks ago, but it is still positive. I have been mentioning correlation between price an net money flows several times, and this correlation works both ways. When $BTC is growing, funds wants are buying more(see picture below👇). Image the money inflow when after halving growth will start?
3️⃣As I have already mentioned breaking ATH have never been easy for Bitcoin. Just look what happened with BTC in 2020 right before breaking ATH (see picture below👇). Guess what? The same bullish flag pattern very similar to current one. And as you know history tends to repeat itself...
🤔 You can make conclusions yourself but for me if now huge manipulation or economic crisis happens this looks quite bullish for Bitcoin.
p.s as I am always saying there are no 100% situations in crypto, so it is always good to take profit from time to time and manage your risks.
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Trade smart,
Stay safe!
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