Warning‼️‼️: A large number of new limit sell orders have appeared above the price, especially around the ATH.
I’m not saying we’re going to get rejected, but we’ve already pumped quite a bit today. Let’s hope that the Asian markets bring the same energy tonight to push us past the ATH. Otherwise, the battle could be tough tomorrow. #Bitcoin❗ #CryptoPreUSElection
We did it! A new milestone reached, and it’s not just any level! We’re now at heights we haven’t seen since May, with a fresh new high breaking that long downtrend at last.
What’s next? Nothing less than an ATH, and maybe even the legendary 100K mark!
Honestly, I think the hardest part is behind us. With this kind of momentum, we could shoot straight to the top (unless, of course, some unexpected news decides to stir things up, as usual). And here’s the kicker: spreads and funding rates are rock-bottom because people are still SHORTING with zero confidence. I’ll never understand it 😂
Every week, we reset and take a fresh look at the Weekly and Ichimoku view.
Last week was intense—ups, downs, but ultimately, we closed almost exactly where we started. So, nothing too wild on the surface… but brace yourselves! This week is packed with macroeconomic updates, and in one week, we have the U.S. presidential elections, closely followed by the FOMC. Get ready for REAL volatility!
I’m still ultra bullish and firmly believe we’re on the verge of resuming the uptrend. A new all-time high? It’s coming soon!
What a solid defense by the Bulls above $65,000, despite the Tether FUD and global tensions!
As you can see, just a few buy limit orders are enough to bring the price back in line super quickly. This proves the momentum is still in the Bulls’ favor, especially when the Bears can’t even push us below $65,000. As I explained earlier this week with the dump to $65,250—it's definitely BULLISH.
However, going north, the $70,000 level is packed with sell orders, making it a tough door to break through. Watch out: those big sell walls (marked in red) could be spoofing, so let’s wait until we get closer before making any moves.
In short, the battle between buyers and sellers at this high range is intense and drawn out. I still believe we’ll break through and continue our upward trend, especially with the prevailing bearish sentiment and billions in liquidations above $70,000.
I know it’s been a tough mental game for many, and some are starting to lose faith, but hang in there, folks! With the U.S. elections and FOMC just two weeks away, we’re almost at the finish line! #Bitcoin❗
We just crossed the peak from April 1, 2024, marked by the explosive Memecoins Season. This surge in interest, similar to BTC, signals some exciting volatility ahead.
This momentum could very well push SOL to new records , but caution is key: volatility could challenge many beginner traders, as we've seen in recent weeks.
Sellers tried to take control at the start of the week, but they couldn’t even reach the $65,000 pivot point. This is where the Bulls were ready to launch a real counteroffensive!
This shows how little it takes to knock the Bears down. We are clearly witnessing the start of the second phase of the bull run!
Moreover, large orders are positioned just below the current price to protect against any attack. To the north, aside from $68,000, there isn’t much until we hit $70,000.
So, we could end the week at the top of the range once again, but it all depends on the macroeconomic indicators. We’ll have answers this afternoon.
As we do at the start of every week, let’s zoom out to reset our biases with a weekly view and Ichimoku analysis.
The current chart couldn’t be more bullish!
The Kumo is bullish, the price is above both the Tenkan and Kijun (and by the way, the Tenkan has finally crossed above the Kijun!), and the Chikou is no longer stuck below the price, meaning there's no more resistance!
In short, everything looks extremely bullish, and all that’s left is for the price to hit a new high, sending us into price discovery for the second leg of the bull run.
Bitcoin (BTC) is in great shape right now. It has risen by 7.5%, and it doesn’t seem to be stopping anytime soon. If you’re wondering why, it’s simple: major banks, like the Federal Reserve in the U.S., have recently lowered their interest rates. This makes investors more optimistic and willing to take risks. And when we talk about “risk,” we often talk about “crypto”!
Looking more closely at the technical indicators (don’t worry, I’ll explain them simply), the RSI, which measures if an asset is overbought or oversold, shows that a lot of people are buying Bitcoin right now. The result: the price could keep going up. However, an indicator like the Stochastic RSI tells us that there might be a small pullback (or slight dip) before it goes up again. In short, be cautious of short-term fluctuations, but the overall trend remains fairly positive.
Other cryptos, like Ethereum (ETH), are also moving up but at a slightly slower pace than Bitcoin at the moment.
How does the market feel?
Overall, sentiment is very optimistic. Investors seem confident, largely thanks to recent economic decisions. China has even injected money into its economy to boost consumption. All of this has pushed many people to invest not only in traditional markets but also in cryptos.
Of course, there are always some risks. For example, if inflation rises too much or if strict crypto regulations appear, it could slow down this excitement. But for now, the signals are good, and we could continue to see increases over the coming months. #Market_Update #Bitcoin❗
Proof that yesterday was rather uneventful, to be a bit modest 😁
Less than $100M in Rekt, despite it being the last day of the week, we're close to hitting the top of the range, and MOST IMPORTANTLY, we've hit several ATHs on Open Interest Futures!!
Yesterday, we hit exactly $66,500, a new high compared to the previous $66,498! 📈 Although it’s not a true high with a close, it shows that momentum is strong.
The Bulls seem ready to launch new offensives against major resistance today. ⚔️ Stay tuned, I’ll share all the data right after! 🔍
Remember, a small correction isn’t alarming, it’s actually healthy for the market. Stay calm and enjoy the day! ✨
Here’s the Google Trends chart for the word "Bitcoin" searched on Google worldwide.
We’re currently at an annual low, at the lowest levels of the bear market, but also at the same level that triggered the 2020/2021 bull run.
I find this absolutely crazy because we're close to hitting an ATH in price, as well as in Open Interest Futures.
I'm very positive ‼️
This means that, for now, we're among professionals and OG's, and the ClimaxRun from retail investors hasn't even started. Just wait, when everyone comes back to the market, we'll witness some impressive acceleration.
But be careful, this doesn't mean that retail investors are back, as we’ve even hit a yearly low in searches for the word Bitcoin.
Right now, we're at levels seen at the end of July, and we were around $70,000 at that time. Keep in mind that when we reach the highs on the OI Futures, we’re also at the high end of the range in price.
So, does this mean we're going to hit the top of the range in the coming days?