Recently I was exposing the real workings of the Cryptocurrency market. I’ve been sharing the insights with you on Bitcoin about Bitcoin and the comments left now below will show your intelligence and support.
What’s your take on Bitcoin’s current situation?
It will take a minute to answer but it will be part of the experiment. So leave your comment.
This is a short-term chart, BTCUSDT, based on the 4H timeframe. We have a perfect falling wedge pattern as well as a bullish divergence with the RSI. Both these signals support a reversal.
As prices are rising I can see the RSI entering the bullish zone. Bitcoin only struggled for a few hours at the low and then recovered, oh yes!, it started to grow.
We see this happening now and this is an opportunity again. Notice how the market continues to produce endless opportunities. On the downside, to the upside. Short-term, mid-term and long-term.
We just need to be prepared and ready. We just need the right plan. The market is not going away.
Since opportunities continue to appear, we just need to be prepared and wait for the right one that will make a change. And repeat this process over and over; thanks a lot for your continued support and comment.
While this isn’t the perfect bottom, the low was $108,666.66, we still get to buy and hold and go LONG. Ok?
We don’t have to catch a perfect bottom ever, it is not necessary. If Bitcoin starts growing toward $155K, what difference does it make if you managed to grab $108,000, $109,000 or $112,000. Lucky you, you got to buy that low. You will see millions of people rushing and fighting to buy Bitcoin when it reaches the real top. We are not early when it comes to Bitcoin but there is still plenty of room for growth. And this plenty of room for growth that remains on Bitcoin is what will support the altcoins market bull market and late 2025 bull run. We all grow.
Bitcoin is showing fairly good early reversal signals. So far things are great.
If we were to consider Bitcoin on its own, yes, we can doubt about the next move’s direction. But, if we consider Bitcoin and the entire altcoins market, we know for certain what the next major move holds.
Don’t get me wrong. I am not saying that the market cannot shake some more short-term. I am not saying that there can’t be squeezes and traps. All I am saying is that we are going up regardless of the short-term.
The market can shake short-term, but it is already rising… Look at Bitcoin, look at Ether and look at XRP. What do you think will happen with the rest of the market?
Leave your comment below.
Namaste.
