$BTC Has mirrored the 2023 price action extremely well.
I do still believe that if you were to see some bigger flush due to a headline or bond market breaking for example, that it would be an interesting spot to watch.
Will keep track on how the fractal evolves. Keep in mind, this is just a comparison. Different market, different times, but always interesting to compare similar price action.
$BTC LTF view
After this strong bullish move, I can see a short-term local top forming around 80k.
Eyes on 74k-75k and 69k-70k as potential local bottoms.
Alts could retrace 10%-20%. Then bullish continuation.
PS: I'm not selling, just ready to buy more if that happens.
Reading the replies here gives a clear picture of current sentiment.
The time to be very bullish was at $60k levels, not now.
Now it's time to be cautious.
#Bitcoin – What's Next? The Big Sunday Report:
All We Need to Know:
🚩 TA / LCA / Psychological Breakdown:
Right now there is too much nonsense. Bears speak as if they know what they are talking about, and bulls are giving insane price targets once again. So let's lean back and realize what is going to happen next. I will make it very simple and very straight: after all of my targets have been hit so far, I am now calling for the breakout above $82,500, and the next target after 82,500 is $88,000. This is a very new target, and it's important to understand that it takes some time. But I am expecting it, and therefore I am fully holding my positions. To make my view crystal clear: first, 82,500 needs to break. Once it breaks, 88k is next. And if we get rejected again, the lowest I see Bitcoin going is 71k, not lower. So overall, I am very, very bullish, and here is what we need to understand:
The most important level to watch this week is the area of $78,500. It is the resistance that has still not turned into a full support yet. Usually, when a resistance gets broken, the next step is that resistance becomes support. In this case, 78,500 is broken and done, and this shows the strength of the bulls in this region. But I have not yet seen a confirmation that this is the new support, and therefore I keep saying that I consider 71k the strongest support and the floor. And again, I want to make something very clear: by saying this, I am definitely not saying that 71k will happen or that I am expecting 71k. My point is that in case it dumps, the lowest it could go is 71k, as per my understanding of the chart. And yet I remain fully bullish, and my focus remains on the 82,500 resistance with the goal of a breakout and targets beyond and 88k as next target. So it's important to watch $78,500 and whether it turns into a support, and if not, the strongest support and floor is 71k.
Not much talk, not much nonsene, quick, not here and there, if this then this, NO! I make it very straight and I say 88k is my next target with ease and the only two numbers are now 82,500 and 78,500 and time will tell. What matters to me is what happened before we arrived here. $65,400 was resistance, broken quickly. $69,000 broken. The Bear Market Resistance Bands completely broken. $71,500 was probably one of the most important levels for the entire trend, and Bitcoin not only broke it but established it as support. Then we came to $78,000-$78,500. I already told you in the Sunday Report that this resistance would break as well. It did. So now ask yourself a very simple question: what is actually left? $82,500. That's it. And once it's broken, I see 88k as next.
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$BTC LTF view
After this strong bullish move, I can see a short-term local top forming around 80k.
Eyes on 74k-75k and 69k-70k as potential local bottoms.
Alts could retrace 10%-20%. Then bullish continuation.
PS: I'm not selling, just ready to buy more if that happens.