💥 Breaking News: $BTC Surges Past Key Levels! 🚀
As forecasted in my previous update, Bitcoin (BTC) has smashed through the crucial 51-53K thresholds, triggering a cascade of liquidations for late shorts.
But before its upward surge, BTC executed a strategic dip to scoop up liquidity around 49K, effectively resetting both bullish and bearish positions. 📈💰
With no immediate resistance in sight, BTC is now poised to retest its all-time high of $69K. But let's delve deeper into the higher timeframe fundamentals that will continue to propel BTC's price trajectory.
First up, ETF inflows into Bitcoin have surged significantly over the past week, signaling renewed investor interest. If this trend of net new money pouring into BTC persists, we could easily see BTC hitting $69K before the next halving event. 📈💼
Adding to the bullish sentiment are traditional markets, where major stock indices are relentlessly pushing to new all-time highs. This bullish momentum in traditional markets typically spills over into the crypto space, exerting upward pressure on BTC's price. 📈📈
For those looking to enter the market, consider targeting ETH and beta-plays like LDO/OP/ARB/PENDLE on any .382 fib pullbacks. Ethereum (ETH) remains undervalued in my opinion, and I believe it should be trading at least above $3000 given its robust fundamentals. 💡💰
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