Bitcoin (BTC) must reach this level to start the bull run 😱🔥🚀

Bitcoin (BTC) is on its way to entering a real bull run driven by fear of failure. A level slightly below the previous high will bring back all the sellers running for lost profits, says analyst Axel Adler. 🔥🩸

This time, the analyst is sure that the Q1 2024 euphoria sparked by the approval of Bitcoin ETFs in the US is an example of a “false start” that was quickly replaced by disbelief. 🔥🩸

Last year, Bitcoin (BTC) was brutally rejected twice by sellers at the $70,000 level. Therefore, the $69,500 line may be very sensitive to the balance between buyers and sellers, according to historical data, and not like the $63,000-$64,000 area three years ago. 🔥🩸

Yesterday, September 13, 2024, Bitcoin's (BTC) Relative Strength Index (RSI) rose above 70 for the first time in weeks, suggesting the asset may be overbought right now.$BTC 🔥