🪙 TTheo Peter Brandt, Bitcoin has the potential for a strong breakout based on the BHLD model
✅ Bitcoin (BTC) is still facing challenges in maintaining a sideways trend, which has prevented this cryptocurrency from regaining the important support level of 100,000 USD.
🚀 Future Strategy for Bitcoin
✅ The situation is still evolving complexly, and investors need to be cautious before making investment decisions. They should monitor technical indicators and market information to better understand the next direction of Bitcoin in the future.
✅ Peter Brandt, a well-known analyst in the financial field, pointed out that Bitcoin is exhibiting a familiar pattern from 2018, before this coin entered a phase of strong increase. This pattern, known as BHLD (Bump, Lump, Hump, Dump), currently has another variant called Hump-Slump-Pump-Dump. This model seems to fit with the current trend of Bitcoin and may indicate the upcoming direction of this coin.
✅ An important factor in Bitcoin's momentum is the Fear and Greed Index, which is showing a shift from the 'extreme greed' phase to a level of greed that is no longer too high. Historically, we see that Bitcoin often goes through strong corrections when this index is in an extreme greed state, making the current change a fairly positive signal for the potential stability of BTC prices.
👉👉 See details at Crypto Tribe