I like $BTC #EthereumFoundationUnstakes$48.9MillionWorthofETH
BTC
61,653.6
-0.28%
ETHUSDT
Perp
1,620.85
-1.86%
Post
--Bullish
GK-ARONNO
·
--
BTC ANALYSIS UPDATE 🎯🎯
It all started in early Feb from a major low of $60,000. The end was the start. The end of the correction signaled the start of the rally. Ever since $60,000, Bitcoin has been producing slow and steady growth, a healthy development.
Fast growth tends to be unsustainable. Slow growth can be maintained.
The last higher low happened 29-March at $65,000. After this day, Bitcoin has been moving straight up. No more retraces nor pauses; sustained bullish action but within a small and contained range. $100,000 seems like an easy target.
Current price action is leading some market participants to believe that Bitcoin is weak. Au contraire, Bitcoin is very strong. The lack of retraces and pauses reveals bullish consolidation. Consolidation as prices slowly rise.
Bitcoin doesn't move in this way through a major move, this is simply whale accumulation. Prices are rising because there is just too much demand for the orange coin. Watch what happens when the market awakens, when people start buying; a very strong sudden jump.
This is where everything is headed, a major flash rise. The flush but in reverse. A jump so fast that you won't be able to make your mind as to what is happening, yet prices will be rising Bitcoin reaching easily below $90,000 only to move higher.
After the first advance a pause can last 2-3 weeks then more growth. One or two pauses can last this much.
Bullish consolidation. Slow and steady growth. The build-up process in anticipation of a forceful bullish jump. In short, something awesome is about to happen. $100,000 seems like an easy target. Can be April or May, it makes no difference.
We are in the constellation of Taurus now, the bull. We enter Taurus and the market goes bullish, how convenient. There is still plenty of room and time for prices to grow. Tomorrow Uranus will be leaving Taurus and this should give us all a nice shock.
$BTC
{future}(BTCUSDT)
Fast growth tends to be unsustainable. Slow growth can be maintained.
The last higher low happened 29-March at $65,000. After this day, Bitcoin has been moving straight up. No more retraces nor pauses; sustained bullish action but within a small and contained range. $100,000 seems like an easy target.
Current price action is leading some market participants to believe that Bitcoin is weak. Au contraire, Bitcoin is very strong. The lack of retraces and pauses reveals bullish consolidation. Consolidation as prices slowly rise.
Bitcoin doesn't move in this way through a major move, this is simply whale accumulation. Prices are rising because there is just too much demand for the orange coin. Watch what happens when the market awakens, when people start buying; a very strong sudden jump.
This is where everything is headed, a major flash rise. The flush but in reverse. A jump so fast that you won't be able to make your mind as to what is happening, yet prices will be rising Bitcoin reaching easily below $90,000 only to move higher.
After the first advance a pause can last 2-3 weeks then more growth. One or two pauses can last this much.
Bullish consolidation. Slow and steady growth. The build-up process in anticipation of a forceful bullish jump. In short, something awesome is about to happen. $100,000 seems like an easy target. Can be April or May, it makes no difference.
We are in the constellation of Taurus now, the bull. We enter Taurus and the market goes bullish, how convenient. There is still plenty of room and time for prices to grow. Tomorrow Uranus will be leaving Taurus and this should give us all a nice shock.
$BTC
{future}(BTCUSDT)