BITCOIN ⟶ IS THE BULL RUN BACK ON?!

vor 3 Tagen🤚Hello everyone,

🌟It's clear that Bitcoin, as the largest cryptocurrency, has the potential for significant growth after a period of stagnation. Some analysts even predict it will reach over $92,000 by the end of the year

🌟There are rumors that, contrary to expectations, the Federal Reserve is going to increase interest rates, which could be bad news for Bitcoin. However, I believe that even if this happens, the impact will be short-term, and in my analysis, I discussed a short-term bearish phase. But keep in mind that this is just a rumor and there is no certainty

🌟On the other hand, if interest rates decrease, it usually leads to an increase in the price of cryptocurrencies (which is more expected). The recent decline in the crypto market can be attributed to investors waiting for the Federal Reserve's late-week report on interest rates, as well as the failed attempt to assassinate Donald Trump

⏱Daily Analysis 👉 #Bitcoin

✅✅Bitcoin has significantly increased its chances of growth after breaking through the monthly resistance level of 57877.90.

‼️Following this breakout, we've witnessed a 3-day decline on the daily timeframe. However, this decline has been gradual and hasn't completely engulfed the previous bullish candle❌

🚀The events of the past 4 days strengthen the scenario of a potential rebound after this corrective decline and upon reaching the critical support zone of 57877.90-58116.32.

🚀On the daily timeframe, the formation of a strong bullish candle that completely engulfs the previous three bearish candles would confirm a continuation pattern and signal a renewed uptrend.
💰(Note: I will discuss conditions for faster growth on lower timeframes in the subsequent analysis.)✌️

✅Bullish Targets:
🚀Target 1: 61112.20-61640.68
🚀🚀Target 2: 64149.35
🚀🚀🚀Target 3: 66755.85
🚀🚀🚀🚀Target 4: 74537.70

🔻Conversely, if weakness persists in the following days and Bitcoin breaks below the 57877.90 support on the daily timeframe, the stop-loss for the bullish scenario will be activated, and we can expect a temporary pullback towards the previous lows and support zones of 52083.28-52489.40 and 49000.00-50096.10.

🔥These support levels have the potential to halt the decline and initiate a new uptrend

.........................................
⭐️Continuing the analysis based on the 1-hour timeframe⏱

⚠️Despite the downward break-out of the bullish channel on the 1-hour timeframe and the potential for increased selling pressure, Bitcoin has immediately encountered its most significant support zone (57700.79-58116.32).

🚀This could prevent further declines, even after the channel breakout.

👀There is a possibility of bottoming patterns forming in this area, which could be the genesis of a new uptrend. Therefore, the price action in this zone for today and tomorrow should be closely monitored, especially on the 1-hour and 15-minute timeframes💸

✅However, the current condition for the start of an uptrend based on the 1-hour timeframe is the breakout of the bearish trend-line of the recent bearish move (see figure)🚀🚀

❌The stop-loss for the bullish scenario and entry into the bearish phase has been mentioned in the daily timeframe analysis (main analysis)👆

vor 21 Stunden

Trade geschlossen: Ziel wurde erreicht

👋Hi, how are you?

Were you following my previous #Bitcoin analysis⁉️

🤩It moved exactly as predicted🤌

🎯From the support level, it grew with a powerful candle and hit target 1 (61112.2)💰

😅We even predicted the type of candle🙅

🙆‍♂️If you had seen the 1-hour timeframe analysis in the caption, you could have definitely risked buying #Bitcoin from the bottom price and caught this growth🎉

🧐Who made a profit⁉️