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Bitcoin Bullets® Market Analysis NOVEMBER 27th, 2024 ➖➖➖➖➖ ⚪️TECHNICAL (H2) On the H2 timeframe, the price action of $BTC successfully retraced as anticipated below the specified level. 📉✅ Currently, it is gaining momentum and consolidating above its horizontal support level, forming a compression pattern. 📊 However, the price action is also developing a lower high formation, indicating a cautious upward move with potential bearish undertones if resistance levels hold. 🔄📉 ⚪️WRAP-UP (VIP) If the price action flips its upside resistance level into support, it could signal a further upward movement, potentially leading to a change in market structure. 📈🔄 This would indicate a shift from the current lower high formation to a more bullish trend, opening the door for sustained upward momentum. 🚀 $BTC DAILY RANGE: 📈Upper Limit: $99,200 📉Lower Limit: $90,954 (+-9.47 based on moving average volatility open/endpoints) 📌SCALP ENTRIES (VIP) (*Advanced traders only - moderate/high risk) 🔵LONG 💲94,335 🔴SHORT 💲92,556 $BTC
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📌$GMX/USDT (LONG) Leverage: 5-10x 22.7 23 23.5 24 26 30 35 Profit: 576.4% (10X)🥂🔥 $GMX
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⚡ JUST IN: Binance💰 founder CZ calls #memecoins “a little weird,” urging focus on real blockchain applications.
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⚡️MARA CEO: We are going to see essentially institutions just waiting to buy up #Bitcoin 💰. Anybody who is selling is selling into a market with ample demand.
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OKG Research reports that just 0.01% of global listed companies currently hold Bitcoin, with an estimated $2.28tr in potential inflows over the next year. This influx could drive Bitcoin's price to approximately $200,000, aligning with forecasts from Bernstein, BCA Research, and Standard Chartered Bank.
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