Can Bitcoin surprise the world again?

1 Feb

Good day fellow traders and investors,

The short answer for the question in the heading is... Yes, Bitcoin will always surprise the world.
Since Novembers move into December, bitcoin for the first time has broken above this fairly substantial resistance trend line that gave bitcoin a very strong rejection back in 202. THIS IS VERY POWERFUL!!

Bitcoin from what I see here is showing strong price support above this line that was resistance back in 2021. It has confirmed so far the bottom of the zone as support, I would like to see it catch support on the top of the zone. Doing so, could lead to a massive breakout all the way up to 170k, which could lead to the parabolic top of this market.

Any way you cut it, the more it holds above this trendline the more likely it will lead to the biggest breakout in recent years. I personally am very bullish as long as bitcoin stays above this zone.

Also, the indicators I have used are the PANPAN XBT RISK METRIC and Oscillator.

This is not finical advice and I am not your financial advisor.

If you like this chart and my work share this chart with your friends and let me know what you think in the comments.

Cheerios,
WeAreSat0shi

2 Feb

Dagangan aktif

Remember Bitcoin can retest the bottom of the channel and even fall below, as long as it closes above support is still intact.

3 Feb

Nota

Support holds strong. Possible price action going forward until one of the trendlines breaks.

11 Feb

Nota