What BITCOIN price looked like before last ATH in 2021
Bitcoin spot had a similar price action on the weekly chart the last 2 times in hit ATH. Both in 2021.
Deeply sustained by various fundamental factors, back in 2021, you can see how, on the weekly chart, BITCOIN has pushed higher for at least 3 weeks in a row.
We are now in the second bullish week (strong move up, similar to what happened in 2021).
Another 1-2 bullish weeks would push Bitcoin to $69000, which is also a "magnet" for the price, acting as a target for a lot of traders/investors
Deeply sustained by various fundamental factors, back in 2021, you can see how, on the weekly chart, BITCOIN has pushed higher for at least 3 weeks in a row.
We are now in the second bullish week (strong move up, similar to what happened in 2021).
Another 1-2 bullish weeks would push Bitcoin to $69000, which is also a "magnet" for the price, acting as a target for a lot of traders/investors
Trade active:
Bitcoin is now at 60000 and in line with the pattern described in the analysis.
A pullback analysis (of the past 2 rallies we talked about in the initial idea) could be very valuable for active traders who want to speculate on this move.
A pullback analysis (of the past 2 rallies we talked about in the initial idea) could be very valuable for active traders who want to speculate on this move.