Short term bearish retracement. Once leveraged buyers are taken out, the market will resume the bullish trend.
Remember: for a cryptocurrency to resume the bullish expansion and creating new all time highs, buyers need to be liquidated. DYOR!
A textbook Megaphone Bottom + Elliot Wave count + HBD on weekly TF. Retail sleeps. Smart money positions.
This won’t be a slow grind. It will be explosive super-cycle, Violent. Vertical. Momentum conformation needed and weekly close above the wedge resistance.
Update : Waxaa jira trendline xooggan oo aan ka arki kartid sawirka.
Haddii la jebiyo, waxaan filan karnaa in marxaladdii nasashada ee Bitcoin ay dhammaato, waxaana rajayn karnaa in la gaaro ilaa 130 kun in sha allah
#BTCUSD is forming ascending triangle which is BCP, signalling that buyers are accumulating strength before a breakout.
✅ Momentum: Bullish bias forming
✅ Target: 110K – 112K
⚠️ Invalidation: Break below 102k
- RSI is at 53.42, slightly above the neutral zone suggesting MBM.
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