#BTC
Bitcoin is now pressing beyond the resistance of the Double Bottom formation
Bitcoin would need to Weekly Close and/or post-breakout retest the top of the Double Bottom (blue $72810) to confirm a breakout
And in fact if Bitcoin fully confirms a breakout from this Double Bottom, a Measured Move could see price rally to ~$81000-$82500
But given where Bitcoin is in the market cycle however, it's likely price will develop a macro market structure that will appear sufficiently bullish only to ultimately fail over time
There are a number of ways Bitcoin could see this current overall cluster fail to generate sustained bullish momentum
The failure could occur by virtue of rejecting from the Double Bottom resistance, by failed post-breakout retest to register a fake-breakout, or by falling short of a Measured Move once the breakout is confirmed
$BTC #Crypto #Bitcoin
SOLD OUT!
We are delighted to announce that we have successfully completed the mint in under 24hrs.
We want to thank you all for getting involved and making the mint a success.
We are just getting started, and will now refocus efforts on getting the game out as soon as possible.
Trading is now live on Secondary
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