BTC / USDT
BTC just made a X3 from its bottom at 15k
But it seems it is ready for another bullish impulse and here is why :
We have unsloping channel target at 52k
Also we have new ascening channel above it which targets 51k
Also there is huge old weekly resistance between 48-52k
So can easily touch this resistance easily
We can also see that both bears and bulls got liquidated recently buy 2wicks this also means that BTC is ready for another big move
The ETF decision:
Weather it rejected or approved it will be bullish for BTC in long term
But the impact on price will affect the short term price
From my point of view :
1-if ETF approved: major breakout which can touch 52k or even go wild to ATH
2- if ETF rejected: we can see a harsh rejection in short term (it can drop like 20% in one candle )
BTC just made a X3 from its bottom at 15k
But it seems it is ready for another bullish impulse and here is why :
We have unsloping channel target at 52k
Also we have new ascening channel above it which targets 51k
Also there is huge old weekly resistance between 48-52k
So can easily touch this resistance easily
We can also see that both bears and bulls got liquidated recently buy 2wicks this also means that BTC is ready for another big move
The ETF decision:
Weather it rejected or approved it will be bullish for BTC in long term
But the impact on price will affect the short term price
From my point of view :
1-if ETF approved: major breakout which can touch 52k or even go wild to ATH
2- if ETF rejected: we can see a harsh rejection in short term (it can drop like 20% in one candle )
Comment:
2k pump after 1 hour of my analysis lets see what’s next
Comment:
ETF got approved
Comment:
Update
BTC HIT +48k (our target) ✅
BTC HIT +48k (our target) ✅