Big Report for Sunday, Everything You Need to Know: TA/LCA/Psychological Analysis: In last week’s Sunday report, we discussed the sideways movement expected on the larger timeframes. As observed, Bitcoin is moving perfectly in the above mentioned sideways zone. Some fail to grasp the big picture and realize that price fluctuations in the 20% range are quite normal and even healthy for large market cap movements as BTC is preparing for the next big move higher, one that will take us over 80k and reach 100k at high speed. In trading terms, we call this bullish sideways movement the accumulation zone, which is the stage where profit taking funds, inflows and hesitant funds converge, leading to consolidation on the medium-term timeframe. As I mentioned before, this sideways movement is bullish and we are ready for a big move higher. In the Sunday report two weeks ago, BTC was at 60k and I said it was a bullish retest of the February 2021 top. The retest is complete and 60k is the new support. This support will play a key role going forward. Now, BTC is establishing strong support above the 2021 high of $62,500. You need to keep an eye on today's monthly close. Bitcoin hits ATH on the chart, but not on a real market dollar basis: in fact, with inflation rising from the 2021 high to date, BTC needs to exceed 78k to fully enter the ATH area based on current inflation rates. More precisely, 78k is the same area as the 2021 ATH of 69.000 due to inflation. If we look at the market from a larger perspective, the ATH against the dollar is moving like this, but the ATH against the dollar is still below the ATH. What does this mean? Is it good news or bad news, it is indeed very good news because it confirms that there is more room for growth. Remember that we are currently at the lowest level of BTC supply on exchanges. We only have 1.7 million BTC on exchanges and it is decreasing sharply, which is very optimistic because the demand is still high while the supply is getting lower and lower, leading to a huge supply shock in the coming months, especially with the halving in two weeks. Keep an eye on CME gap areas, including liquidity marked on the chart. If the market allows access to targets between 60-64k I will add more altcoins in these areas, I also say this is a great entry into BTC for everyone who is not positioning themselves yet. Again, we will only seize opportunities if the market allows it, and if the market gives you this opportunity, be ready. A super cycle is only a matter of time and will only happen if market makers pull the trigger in preparation for the super cycle. My mid- to long-term target is well above 100,000 and will reach 1.7-2.0 million by mid-2025. In fact, this is the super cycle I've been talking about for weeks. All it takes is patience. We wait for the market makers to pull the trigger. This could happen at any time from now on, so be prepared because when it does, we're going to move up fast. As far as the calendar is concerned, this week is not important. We only had Jerome Powell speaking on Wednesday.#BTC🔥🔥🔥🔥
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weekly Copycat season is coming
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