#BITCOIN BullRun in Progress…

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- The momentum since Tuesday afternoon has dropped, but the markets remain bullish overall.

- The daily time frame shows a local top at $71,900, which is also a major resistance level from March and April.

- This could be the top of a consolidation range, with a potential drop to $62,000 and $60,000 next.

🪷 Bullish Indicators

- High volume during the recent bullish move indicates a potential breakout.

- Strong fundamentals, including the Ethereum ETF and potentially lowering interest rates, could lead to a bullish breakout.

🪷 Breakout Possibilities

- A breakout above $72,000 could lead to prices of $74,000 and $75,000.

- Volume needs to increase to above $50 billion to confirm a breakout.

🪷 Ethereum ETF Impact

- The Ethereum ETF is bullish for Ethereum and crypto as a whole.

- If approved, it could lead to an altcoin season, with Bitcoin potentially consolidating and altcoins rallying.

🪷 Cautionary Notes

- If the Ethereum ETF is rejected, it could signal the top of the range, with a potential drop in Bitcoin prices.

- Without a bullish breakout, there's no confirmation that Bitcoin will make a new all-time high.

#ETHETFS $BTC #btc70k #altcoins #BinanceLaunchpool $BNB $ETH