Take a look at this chart — it’s straightforward and clearly shows the signals we need to see. Back in July 2023, the price hit a low, forming a rounded bottom that led to a massive 650% bullish surge. This shows the potential for a 1,000% gain in the next upward move, and we have more signals supporting this idea.
Notice how new support levels were formed in April, July, and September 2023, each marking a higher low compared to mid-2023. BAKEBTC has been bullish since 2023, consistently forming higher highs and higher lows. Right now, we’re coming off a higher low, setting up for the next higher high, which is marked as the potential target on the chart.
The consolidation since April has given this pair significant strength, with over six months of buildup. The current session is showing strong momentum, trading at the top, indicating upward movement. Things are heating up.
We’re ready to engage in this market, ready to make smart decisions, and ready for the next bullish wave in crypto. Even though parts of the market may seem bearish, it’s just part of the natural cycle. As one area corrects, energy flows into another. The overall trend is upward, which is exactly what we want to see for the future.
Let’s stay focused on this upward momentum that could continue for years to come.
