BITCOIN, Massive Bullish Breakout, Wave-Extension Objection!

Hello There!

Welcome to my new analysis of Bitcoin in the middle to larger timeframe perspective. Within recent times Bitcoin developed a determined bullishness from where on it continued to form several new highs and establish a solid uptrend also supported by events such as the BTC ETFs (Exchange-Traded-Funds) that were confirmed for acceptance. Now Bitcoin also completed a major pattern which is a huge bull flag formation, Bitcoin completed such patterns several times within history and now the wave C expansion is ready to move into new all time high spheres.

With the current bullish dynamic holding on and more and more volume moving into the market as well as with the bullish sentiment building a strong technical support bitcoin is on the way to reach the full potential wave C target zones. Once the bitcoin price action bounced into the new all time high this will be an appropriate price move when the BTC ETFs trading volume also supports the price action and confirms the ability to lead to further bullish volume determination increases within the next times.

Thank you everybody for watching my idea about BITCOIN! Support is greatly appreciated.

VP

Comment:

ANALYSIS UPDATE: An important aspect to consider with BITCOIN also is the BTC ETFs open interest increase that is increasing the overall bullish sentiment.

With the current bullish ETF dynamic holding on and the volume increasing more BITCOIN is likely to reach a new all time high comparably soon.

Comment:

ANALYSIS UPDATE: BITCOIN continued with increasing bullishness within the range forming new heights.

With the current dynamic, the all-time high is likely to be reached sooner than later.