Bitcoin's recent breakout from the bull flag chart pattern signals a strong bullish momentum that has captured the attention of traders and investors alike.
A bull flag typically forms after a significant upward movement, followed by a period of consolidation characterized by a slight downward trend.
This consolidation phase often indicates that the market is taking a breather before continuing its upward trajectory.
Additionally, key resistance levels may be tested, with potential targets being previous highs or Fibonacci retracement levels.
Moreover, the overall sentiment in the crypto market appears to be shifting positively, influenced by factors such as institutional adoption, favorable regulatory developments, and growing interest from retail investors.
If Bitcoin continues to hold above its breakout level and maintains its bullish momentum, we could see a ripple effect across altcoins, leading to a broader market rally. #Update $BTC #Write2Earn
Most liquidations are at downside but amount of longs are very less so its possible market could give longers a little more relief to increase the amount of longs and then dump #Write2Earn #liquidationmap #Update
Bitcoin is still facing a resistance and unable to cross it right now but according to the manipulation it can break the resistance as well but i would still say there is just manipulation because no clear direction for btc right now and its very unnatural pump to trap people
Im completely away from trading in this market as market is in no trade zone and i have no trades opened right now and i would advise you the same
Alts are not pumping with btc and completely stable or falling down which gives us a sign of fake pump
Iran israel conflicts are on top news which will also effect market as soon as some side will attack
So the thing is lets wait for clear direction of bitcoin and then move further because either bitcoin can make a new all time high from here or it can fall towards 58-59k again
Current resistance zone is 65.8k till 66.4k and we are currently at that zone which is expected to be rejected!
Because this pump was not natural in my point of view just seems to trap people just like we got trapped in our btc short and stop loss was hit in our premium
Im waiting for daily closing of this resistance and lets see if it closes above it or below it
And on weekly frame and daily frame 65-66k is the most important zone to cross above for new all time high otherwise its manipulation #Write2Earn $BTC #Update
However, it’s not guaranteed that Bitcoin will head straight to $64k from here. It could first dip to the $60k-$60.5k range before moving toward the $64k zone.
If Bitcoin breaks through $64k with strong volume and surpasses the resistance level, we might see a new all-time high. Otherwise, another correction could be on the horizon. #Write2Earn #Update $BTC
Hello guys hopefully you all are fine so just wanna give you update...
Market has created its new CME gap around the zone of 60500-61500 and currently you can see market is visiting that zone to fill that cme gap remember currently market is playing with everybody because bull run is very soon
After filling the cme gap market will go down towards 200EMA zone of 56000$ and thats my first target that market will go towards 56000$ then we will see reactions of market otherwise market can also go towards 53-49k zone easily and thats the area you can fill your bags for bull run.
Not everyday is a trade day remember! sometimes wait is better.
Invalidation case for this scenario is that btc crosses 62k #Write2Earn #Update $BTC
The next 3 months are going to be absolutely INSANE for crypto.
- Rate cuts are coming in 3 weeks. - The US elections are just 71 days away. - We could get a pro-crypto president in November. - CZ is coming back. - FTX is expected to redistribute $16B in cash to crypto-native degens sometime in Q4. - Rumors that China might unban crypto soon. - Russia is turning pro-crypto with international crypto payments.