The terror of BTC is strong. Yesterday I mentioned that if we see a bullish candle on the daily chart, we are basically looking at a golden cross, which signifies the start of a new trend. We might be heading towards 120,000!
Currently, the daily chart shows a golden cross and the upper Bollinger Band is in play, indicating a continued upward trend; the 4-hour chart looks very similar to when we were at 70,000, pushing ahead despite divergence. The news is mostly positive, with the total assets of US ETFs surpassing 10 trillion+, while the crypto sector only stands at 40 billion, indicating limitless potential for the future;
The overall trend for BTC remains bullish, and interest rate cuts are largely expected, unless an unexpected event turns it into a bearish situation;
