#Bitcoin #BTC #BTCUSDT #BTCUSDTAnalysis
Bitcoin has been very slow recently and the price range has been stable for months, really no change. Usually, even while we acknowledge all the signals and maintain a bullish stance, it's still natural to wonder if Bitcoin will continue to grow.
The active price range has been the same since late November. Bitcoin is moving between $84,000 and $92,000.
Now, think about this. Do you remember after the higher low on December 18 how sellers couldn't push the price below $86,000?
Regardless of all the volatility and sideways range, the lowest possible level was $86,400, it hasn't been lower, and these developments are still valid today.
The lowest Bitcoin reached was $87,277 yesterday, and you can see how easy it is for this to be the final bottom. Last month was $86,400 on December 24, this month is ~87,000.
We have a trading range, but there is still a clear upward trend that cannot be denied. The recent move is a higher peak that peaked at an ideal level based on a Fibonacci retracement; all movement consists of higher highs and lower lows.
So, we have a period of bullish consolidation; we can even say a bullish trend if we only consider the short term. This will lead to the next higher peak.
The final target at $98,000 aligns with the Fibonacci retracement level of 0.382 (inverted retracement) on this chart. The next target is 0.618, which is around $108,800... that's all I have to say.
While doubt is in the air, it is not on the chart. Trust the chart and everything will be fine.
Look at SCRTUSDT or AXSUSDT that I showed you recently. Or BCHUSDT or BNBUSDT or XMRUSDT and you can get an idea of what is coming next.
The truth is that the next move has already been revealed. Bitcoin is rising; at this stage, you can trade in BTC.
Any trade below $90,000 is a very strong buying opportunity right now. Do what you need to do to make the most of this situation. It will fade soon.
Once the relief rally is over, Bitcoin will begin to crash for several months.
I have been mentioning the separation of Ethereum from Bitcoin, but I don't really believe that. I think Ether will see massive growth before a major correction appears, but when Bitcoin crashes, everything crashes. Don't wait for the hype, greed, and euphoria to take action. Now is the right time to buy.
Bitcoin is perfect now, and all altcoins are too. The market is rising, but we have some calculations to do after this bullish wave.
It's always the same; up and down, up and down, up and down... we can profit from both bearish and bullish cycles... you just have to join me.
Thank you for reading.
Namaste.
✅ Trade here on $BTC