The support in question is the best ever on a macro scale. Bitcoin is now testing the consolidation range from 2024 before the final leg that produced the $126,000 all-time high. On the way down, as it is happening now, this becomes an unbreakable support. Bitcoin is now testing this range and from here we will have a recovery and long-term growth.
Professional market analysts are saying that the new bull market can go through 2029, starting now. These same people are saying that a recovery can start within days or weeks. They say that this correction is nothing more than an institutional shakeout. Whales playing the panic game on the masses. They are going to lose many Bitcoins through this maneuver, their loss.
The bull run phase in 2021 was a parabolic rise, no stops, the same for 2017. The 2022-2025 bull market was much different, it grew through steps. Each step creates a very strong support base.
The bear markets from 2018 and 2022 lacked this type of support base and also the maturation, adoption, notoriety, exposure and stability that Bitcoin now enjoys. That is, the market was weaker, more volatile and it isn't the same this time.
Do not expect to see 40K, 30K, 20K and so on, this is simply impossible; Bitcoin will grow from support, the unbreakable support zone.
Namaste.
Professional market analysts are saying that the new bull market can go through 2029, starting now. These same people are saying that a recovery can start within days or weeks. They say that this correction is nothing more than an institutional shakeout. Whales playing the panic game on the masses. They are going to lose many Bitcoins through this maneuver, their loss.
The bull run phase in 2021 was a parabolic rise, no stops, the same for 2017. The 2022-2025 bull market was much different, it grew through steps. Each step creates a very strong support base.
The bear markets from 2018 and 2022 lacked this type of support base and also the maturation, adoption, notoriety, exposure and stability that Bitcoin now enjoys. That is, the market was weaker, more volatile and it isn't the same this time.
Do not expect to see 40K, 30K, 20K and so on, this is simply impossible; Bitcoin will grow from support, the unbreakable support zone.
Namaste.
交易开始
This is the fourth red week. We were expecting this week to start red to end in a positive note, green. The end is not going to be green but there is a truly positive note, Bitcoin is set to close above $60,000 and that's all we need to know.Very rarely Bitcoin closes more than four consecutive weeks red, specially if the market is not moving within a bearish trend, which is the case now. That is, the present move is already over-extended and this puts pressure on the market to send prices higher.
This was a week with much excitement and fun. The chart points to a recovery and next week we will see growth. It is possible that Bitcoin starts rising for 90-120 days before the next correction shows up.
Are you ready? This will certainly be a major event.
The correction is over. Crypto is going up! Bitcoin & all the Altcoins.
Thank you for reading.
Namaste.
交易结束：到达目标
BTC weekly timeframe-update (Bitcoin is going up!)Bitcoin closed last week at $63,332 as the fourth consecutive session that closed red. This price is higher than the lows from 2-Feb and 23-Feb, meaning a failure from sellers to break support.
The same level was tested in early February and this test led to a 38% bullish move that lasted 90 days.
The support level in question is so strong that it is hard to describe, I am calling it the unbreakable support—it cannot be broken.
This level matches MA200, as seen here:
It is also the same range that was active during the 2024 consolidation period. It is also the highly relevant 0.618 (Golden ratio) Fib retracement level in relation to the entire bullish cycle (2022-2025).
As you can see, the strongest ever, and this means that a new bullish wave can develop here but rather than 38% growth, we can see 100% or more.
In early February Bitcoin produced a really big volume bar on the session that produced the final low, last week trading volume was much lower. Same level, same price much lower volume... Sellers have no more strength.
The previous bearish wave totaled -52% while the current one reached -28%. The previous move was a bearish impulse and this one was a simple correction or retrace.
The correction being over, signals the start of a new wave of growth. Four weeks of sustained bearish action yet no new lows. This reveals what comes next, especially when taking into consideration the altcoins market—Bitcoin is going up.
Namaste.
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