Bitcoin Is Moving Faster Like Never Seen Before!

6. Feb. 2021

Hello Traders Investors And Community,

Welcome to this fundamentally important analysis about Bitcoin looking at the global 2-day timeframe perspectives. Especially the last times we have seen Bitcoin increasing the pace and volatility like it was never seen before in Bitcoin history with huge price-swings within the structure and especially as Bitcoin approached within the all-time-high-region and with the major channel-breakout, this increased dramatically. Now as the movements getting more volatile and the channels getting steeper and steeper it is important to have the proper perspectives and objections given from what is possible now and where the whole journey can lead which I detected with the analysis on the global 2-day timeframe perspective.

When looking at my chart we can watch there how Bitcoin has built up into the current structure with this massive ascending-channel-formation established firstly and also with the second steeper ascending-channel within, these two channels marked also the collision and the turning-point few days after the new all-time-high was approached as it is shown in my chart with Bitcoin breaking out of these two major channels and increasing the volatility the third steeper ascending-channel developed in which Bitcoin is still holding although it initially corrected lastly this channel is still holding and when it is not broken to the downside the potential is given that it holds further till the main targets of the major channel-breakout are reached.

Taking all these factors into consideration Bitcoin is still holding within this very important ascending-channel lying the route for the main targets to be reached in the schedule which is given by the percentage objections determined after Bitcoin has formed the breakout above the major global ascending-channel-formation and the second steeper ascending-channel, these are almost lying at the 81200 level and it will be crucial how Bitcoin approaches there, when serious supply enters the market within this level this can also indicate a reversal visiting lower levels and marking possible short-entries that should not be underestimated as Bitcoin reaches an overbought condition. For now when Bitcoin stays within the third steeper ascending-channel it can be expected that the targets will be reached and when this is done it has to be elevated how the situation develops further.

In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
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Information provided is only educational and should not be used to take action in the markets.