In the long term (daily charts), BTC has started to rise from the trend line. In the shorter term, the RS on the H4 chart already indicates that the short-term downward trend

has been broken. I was expecting a correction down to $59,000-$60,000, but this now seems unlikely, which further supports a bullish scenario.

STOP LOSS: If it goes below $58,000 and breaks the long trend that has been ongoing for months.

If this trend continues, we can expect a bigger rally than the last two waves in this trend. The primary target price is $70,000. After some minor sideways movement, we anticipate a rise up to $100,000.

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