Bitcoin has been showcasing a remarkable performance, consistently following this strong ascending channel. Over the past week, BTC has closely adhered to this bullish trend line, signaling a potential for substantial gains in the near term, should this trend line continue to hold. Without having been invalidated on anything from the 1h-1w candles,
BTC
looks bullish on a wide range of time series right now.
Analysis on the weekly and monthly candles further reinforces this optimistic perspective, indicating a bullish trajectory for Bitcoin in the longer term. This outlook is not only based on the technical patterns observed but is also supported by the anticipated continuous ETF inflows starting from Monday and intensifying throughout the week.
Given the confluence of these positive factors, there seems to be little reason to doubt the current trend. Investors and traders alike should consider this as a potentially opportune moment to capitalize on Bitcoin's ongoing and projected strength.
The trend is your friend!
Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
BTC
looks bullish on a wide range of time series right now. Analysis on the weekly and monthly candles further reinforces this optimistic perspective, indicating a bullish trajectory for Bitcoin in the longer term. This outlook is not only based on the technical patterns observed but is also supported by the anticipated continuous ETF inflows starting from Monday and intensifying throughout the week.
Given the confluence of these positive factors, there seems to be little reason to doubt the current trend. Investors and traders alike should consider this as a potentially opportune moment to capitalize on Bitcoin's ongoing and projected strength.
The trend is your friend!
Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.