👁 While most of you were busy optimizing about Bitcoin's January 20th launch with Trump's speeches, I was watching the scene from afar with confidence. I said it two months ago: Bitcoin will remain in a sideways path until January 28th when the new cycle begins, and that's what we are experiencing now.
🥷 Bitcoin bounced off the retracement point I had previously identified at 180° = $89,542, which confirms the accuracy of the analysis. The patterns and scenarios I shared with you have an accuracy rate of up to 80%.
😐 Let's leave the past aside, the charts speak for themselves. It's time to take a fresh look at the future:
Currently, Bitcoin is trading daily above the half-cycle level at 180° = $101,900. Maintaining this support is essential to continue the upward trend.
Current Bitcoin price: 104,800$ (on the hourly frame).
We expect a retest of the $103,400 level, which is an important target for scalpers.
As for the second chart, it shows a Wyckoff Reaccumulation pattern. There is an 80% match, as we notice that Bitcoin is in phase D at the S.o.S (Sign of Strength) point, which is a positive indicator for the continuation of the rise.
This market requires focus, confidence, and patience. Those who chase quick profits without planning will end up as mere spectators. ❤
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