Our initial target, based on the trend-based Fibonacci 1 level, has been reached. As I mentioned, Bitcoin is set for upward movement only. Our next target is around 90k-92k per #BTC☀ . We've been in this trade since the breakout, and it's going strong. We're seeing BTC continue to pump and consolidate, holding the uptrend while letting the RSI cool off slightly before another push. This pattern was also observed in 2023.
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BTC dominance appears to have peaked and is now attempting a sharp decline. The last time this happened, the entire market experienced a strong upward trend.
USDT.D has broken down below its Golden Fibonacci ratios at 0.65 and 0.618. This could be a great time to buckle up and hold as we prepare for a potential surge ahead!
Historically, Bitcoin's average monthly returns in November have performed exceptionally well during bull markets.
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