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LIVEDIVMZ
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Bullish
So far $BTC has been accurately following my estimated paths for the bullish pennant. Currently BTC is now trading within the breakout zone at a medium volume with minimal volatility. The next 12 hours will be the most important hours to track the BTC price movement.
The breakout point would be at 70200. A safe entry for this pump would be at 70800. However to not be fooled by whale manipulation, there are 2 important things to consider for confirming the genuineness of the pump. Track the candlesticks on the 15min timeframe to accurately estimate the strength and increase in buy volume as well as the overall market trade volume during that time (should be at the least 20k BTC). The resistance zone for this pump is at 71500-72200.
In case of a rejection from this zone or even being rejected from the breakout point of 70500, expect a decline as low as 66500 achievable within the following 24hrs. BTC is more than likely to consolidate on this price level for another while before attempting another breakthrough at the end of the week.
Another note is to closely watch this before US open market hours. Last time the pump to 73k happened, it was led by whales 6 hours ahead of opening time and then later overbought by a FOMO crowd funding at open hours. I expect such manipulation to happen again.
The gold target the market seems to be eyeing at the moment is either 75k (as the closest possible price) or even 78k. My advice is always to make sure you decide a take profit price and stick to it religiously. If the price retraces again, you'll have protected yourself. If another uptrend starts pumping, you can simply buy-in again at a slightly higher entry and then take profit again at another pre-determined level that you decide to exit at.
On the long-term after much volatile ups and downs, the real targets due to the halving supply shock will witness an ATH of 82k-83k in the post halving weeks before the mid-cycle bear market. The 2nd phase of the bull run after that may push us further towards 120k to 150k by Aug 2025.
Don't forget to follow me for daily info.
The breakout point would be at 70200. A safe entry for this pump would be at 70800. However to not be fooled by whale manipulation, there are 2 important things to consider for confirming the genuineness of the pump. Track the candlesticks on the 15min timeframe to accurately estimate the strength and increase in buy volume as well as the overall market trade volume during that time (should be at the least 20k BTC). The resistance zone for this pump is at 71500-72200.
In case of a rejection from this zone or even being rejected from the breakout point of 70500, expect a decline as low as 66500 achievable within the following 24hrs. BTC is more than likely to consolidate on this price level for another while before attempting another breakthrough at the end of the week.
Another note is to closely watch this before US open market hours. Last time the pump to 73k happened, it was led by whales 6 hours ahead of opening time and then later overbought by a FOMO crowd funding at open hours. I expect such manipulation to happen again.
The gold target the market seems to be eyeing at the moment is either 75k (as the closest possible price) or even 78k. My advice is always to make sure you decide a take profit price and stick to it religiously. If the price retraces again, you'll have protected yourself. If another uptrend starts pumping, you can simply buy-in again at a slightly higher entry and then take profit again at another pre-determined level that you decide to exit at.
On the long-term after much volatile ups and downs, the real targets due to the halving supply shock will witness an ATH of 82k-83k in the post halving weeks before the mid-cycle bear market. The 2nd phase of the bull run after that may push us further towards 120k to 150k by Aug 2025.
Don't forget to follow me for daily info.
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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