Hello everyone! Bitcoin has spectacularly broken through the dynamic resistance and thus put the crowd into longs, and then just as spectacularly fell back. The signal is alarming, as a rule, such things end with a deeper dive to discourage the crowd from going long at all.

But this is a classic scenario that happens almost before every bull run. As usual, the most patient ones win…

Whales with balances of 1000 BTC and more have been actively increasing their balances for six months now. During the sideways movement, they bought up $132 billion worth of bitcoin. It is important to note that we are not talking about exchanges and miners here, as they could distort the statistics.
Large players are absolutely confident in the long-term growth of the BTC price.

$BTC
Local growth of Bitcoin to $68,000 caused FOMO in the market. Santiment records a strong increase in bullish sentiment. Unfortunately, this has led to corrections more than once before.
We may well go and cool the crowd's ardor now📉

‼️The number of bitcoins on the balance sheets of centralized exchanges continues to fall and update anti-records (CryptoQuant)
Obviously, this indicates a lack of trust among investors in centralized platforms. It can also be assumed that the number of long-term investors continues to grow significantly.
Including because of this, the pressure from sellers decreases, which means it creates preconditions for growth.

The whole year on BTC there were very massive walls of sellers in the glass and only in October the walls for purchases grew. The pressure of sellers is disappearing and this is a good sign.

🔥 - finally!

BTC has entered a technically very important zone.

1️⃣A dynamic resistance is already very close from above, a breakout of which will open the way to new historical highs
2️⃣MA-200 will already provide support from below
3️⃣A break of the previous peak in the region of 70000$ will also be a powerful signal of the resumption of the uptrend

The impulse upward movement will cause a cascade of liquidations, since huge positions in derivatives have been accumulated. One small effort remains to be made to continue the growth cycle🙏

Hello, Bitcoin is already above $66,000!🎰

Today alone, growth of 5.5%. Average open interest in Bitcoin futures is actively growing. Already now, the indicators are updating the annual maximum. This means that significant positions have been accumulated, and soon we can expect an explosion of volatility (CryptoQuant)

Where will we exit the sideways?
⬆️- will we fly up?
⬇️- are we expecting a collapse?

There have been many reviews of Bitcoin recently, considering various factors that could affect the further price movement.

And most of them are clearly signaling longs.

$📍Whales are still buying BTC, not selling

📍The upcoming US elections are supporting the markets so that voters are more loyal to the current government

📍The volume of liquidity in the global financial system is growing steadily, historically there has been a very significant correlation with the price of Bitcoin

📍The last quarter of the year for BTC is the strongest

📍The most powerful uptrends were launched in October

But despite the obvious preponderance of arguments in favor of growth, we must not forget that everyone sees them, and the majority is also expecting growth. This fact can significantly complicate the current growth cycle. Bitcoin now has a record number of long-term investors.