$BTC bulls have been battling the bears.
In the short-term, looks like the bulls just lost and price is going to the yellow box to wipe the long liquidation cluster near $75,000.
Then the bears lose as price v-shape straight to $100,000.
Who imagined this weeks ago...
I dont see anything bearish about Bitcoins chart
Support is holding and dips are getting bought
ETFs have also started buying which often happens before the next upward move
$BTC | Weekly closed above the range, bullish.
Price did not (yet) sweep the prior low. We do see a bullish reaction from the weekly order block.
Seems to be demand there. Higher timeframe structure is still in tact.
Higher lows still baby.
$BTC has retested the trending dots.
Six consecutive candle closes below dots, bulls really want to regain them.
Will price get rejected or reclaim the dots?
$XRP
is wrapping up its current correction.
Key support levels:
$1.38 โ $1.29 โ $1.21
As long as support holds, the ABC correction is likely nearing its end.
My projected price path:
$1.45 โ $1.80 โ $2.40 โ $3.00+
Post-breakout target:
$5+
There is a lot of short-term noise, but the structure remains intact.
Watch for support confirmation and wait for the next impulse wave to kick off.
#XRP #Ripple #Crypto
๐ฅ๐จ JUST IN: Ripple-backed XRP treasury Evernorth just closed its SPAC merger, dragging 473M XRP and $300M cash onto Nasdaq with XRPN set to trade Monday.