#btcupdate 🅱️ Bitcoin Price Chart Update
(The last correction of 2024 before $150K.)
The $74,000 resistance level has been confirmed. The week is still young and Bitcoin is losing momentum, the bearish bias and potential is confirmed by the Altcoins which are trading much lower. We will see a reversal and end up the week closing back below resistance. It will end up as fake breakout or bull-trap. One final jump or liquidity hunt event; name it what you will, a correction follows next.
The great news is that this correction will set the market low. Once the low is in, we will focus on green/LONG/growth. We will never look back... It will be the start of a new cycle and the market will grow for many months. The next bullish phase can last anywhere between 8 to 12 or even 16 months. More likely 12 (from November 2024 through November 2025).
Thanks a lot for your support.
