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🚨 BTC: The top at $126k wasn’t the end of the cycle! Find out why the $315k target is still on the table (Chart Analysis)Hey friends,
A lot of folks are thinking that the Bitcoin market cycle has wrapped up and we’ve entered a bear market. But if you take a good look at the macro picture, the story tells a different tale. Let's break down the truth using this 1-week BTC/USDT candlestick chart (181365.jpg):
1️⃣ The move to $126,199 was just an 'Overestimation':
The rally we saw up to $126,199 wasn’t a full market cycle. It was just a massive liquidity expansion and a pre-bull rally where the market got way overhyped.
🚨 BTC: The top at $126k wasn’t the end of the cycle! Find out why the $315k target is still on the table (Chart Analysis)
Hey friends,
A lot of folks are thinking that the Bitcoin market cycle has wrapped up and we’ve entered a bear market. But if you take a good look at the macro picture, the story tells a different tale. Let's break down the truth using this 1-week BTC/USDT candlestick chart (181365.jpg):
1️⃣ The move to $126,199 was just an 'Overestimation':
The rally we saw up to $126,199 wasn’t a full market cycle. It was just a massive liquidity expansion and a pre-bull rally where the market got way overhyped.
A lot of folks are thinking that the Bitcoin market cycle has wrapped up and we’ve entered a bear market. But if you take a good look at the macro picture, the story tells a different tale. Let's break down the truth using this 1-week BTC/USDT candlestick chart (181365.jpg):
1️⃣ The move to $126,199 was just an 'Overestimation':
The rally we saw up to $126,199 wasn’t a full market cycle. It was just a massive liquidity expansion and a pre-bull rally where the market got way overhyped.
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Technical and Professional AnalysisHeadline: 🔥 BTC/USDT Update: Will we see a major rejection from here? 📉
Bitcoin (BTC) is currently sitting in a critical resistance zone. Looking at the candlestick chart, sellers are becoming active here.
Entry: 79,000 - 79,500
First Target (TP1): 62,000
Technical and Professional Analysis
Headline: 🔥 BTC/USDT Update: Will we see a major rejection from here? 📉
Bitcoin (BTC) is currently sitting in a critical resistance zone. Looking at the candlestick chart, sellers are becoming active here.
Entry: 79,000 - 79,500
First Target (TP1): 62,000
Bitcoin (BTC) is currently sitting in a critical resistance zone. Looking at the candlestick chart, sellers are becoming active here.
Entry: 79,000 - 79,500
First Target (TP1): 62,000
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