Bitcoin is ready to go higher to 48600 USDT. Here is why

Bitcoin is ready to go higher. The price is inside this ascending parallel channel, and the bullish uptrend is intact. Usually, when you see an ascending channel on Bitcoin during a huge uptrend, it breaks to the upside. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!

Bitcoin is the first decentralized, peer-to-peer digital currency. One of its most important functions is that it is used as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account. However, the latter store-of-value function has been debated. Many crypto enthusiasts and economists believe that high-scale adoption of the top currency will lead us to a new modern financial world where transaction amounts will be denominated in smaller units.

The smallest units of Bitcoin, 0.00000001 BTC, are called Satoshis (or Sats in short), in a nod to the pseudonymous creator. At Bitcoin price now, 1 Satoshi is equivalent to roughly $0.00048.

The top crypto is considered a store of value, like gold, for many — rather than a currency. This idea of the first cryptocurrency as a store of value, instead of a payment method, means that many people buy the crypto and hold onto it long-term (or HODL) rather than spending it on items like you would typically spend a dollar — treating it as digital gold. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!

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We can also see a symmetrical triangle, breaking bull.

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Bitcoin is consolidating, but be prepared for an explosive move...