#Bitcoin - What’s Next?
The big Sunday Report, all you need to know:
🚩TA/LCA/Psychological Breakdown: This week, for the first time since Bitcoin's ATH, it successfully printed a new higher high by pumping higher than past the previous high of $65k. This breaks the widely-discussed theory of higher highs and lower lows, which many bearish analysts were using as evidence that Bitcoin would continue in a downward trend. Indeed, their own theory has gave them a slap right in their face, hopefully this will be an eye opener for some or less. I’ve always told my followers that the higher high/lower low pattern doesn't hold up during periods of strong sideways movement, particularly when the higher lows fall below key moving averages that Bitcoin has historically respected. This brings us to the next point: Bitcoin's latest retest of the 50-day moving average (MA50) was met with strong bullish momentum, re testing in a very positive view, the view that BTC remains in a very bullish state. In light of this, I plan to place new long positions around the $60,400 level, should the market revisit this region again. Last week, premium members received a signal to long in the $60-61k range, which is currently running in profit, next to the massive long at 53k region which is also in strong profits. If we return to these levels, I will add more to these positions.
For me whats next? I see a clear target to $66,000 region very soon in the short term, for that Iam holding the longs strong expecting the next target to be hit soon. Regarding Calendar we have very important days this Thursday and Friday as PPI and CPI inflation data to be published.
