The Bitcoin Industrial Complex (ETFs + MSTR, COIN) saw $38b in trading volume today, lifetime records being set all over the place, incl $IBIT which did $4.5b, which points to a robust week of inflows. Just an insane day, it really deserves a name a la Volmageddon
Ok I'm gonna indulge some 44-38k callers before we go bull, which is beneath me, but I'm bored
If we go to that area and close bellow 52k weekly supertrend, the upside would be a bearish retest, so you won't be getting cheap Bitcoin at 40k to sell it at 100+k
You will be exit liquidity buying "the dip", because we are going way lower: see 2022 scenario
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Nothing has seriously changed on Bitcoin over the recent 5 days. This week was started with the bullish mood and attempts to break the $52,200 resistance upwards!
In fact, the price is compressing this resistance long enough to finally break it. Expect it to happen this week.
The main target is $54,000 - $55,000 zone, as I said in the previous update.
The chart is simple and clean, there is an Ascending Triangle with the resistance at $3.42 level.
The price is already growing good, but breakout of this triangle will make it skyrocket!
Overall, the project is great. Although NEAR's daily transaction count is three times lower than Ethereum's, it completes transactions five times faster. Which is good for L1.