Bitcoin just hit its highest level since September 2022, the highest level in more than four months but there is even better news... This is nothing yet, this is only a short-squeeze before the real growth starts.
We are now at the 21st of January (UTC) and bitcoin is already moving ahead.
Just as it happened with the 12-13 January event, where the initial action started early, the same is repeating.
Our calendars are set for 22-23 January for things to pick up speed and for the 24-Jan. to have full confirmation if nothing happens before.
This can very likely be just the beginning of what is about to happen.
If bitcoin together with the entire cryptocurrency market can grow all the way through late March or even late April, there is lots of room for market movers to maneuver.
The least expected scenario must likely is a very strong rise to above $28,000 in a matter of days.
This would catch many people off-guard and also allow room for strong volatility, big swings, strong corrections with the bulls maintaining the upper-hand.
BULLS Confirmed yet the trading volume is very low.
We can take this as a signal that the strong buying, the big pack, the shotgun, the space rocket-ship, the laser-like growth action is yet to come... Or we can also read the low volume signal as this move being "fake"... Some bears would like to say, but 40%+ growth within several months looks more like a low volume bullish wave in the worst case.
5 days of consolidation and another resistance has been cleared today. The bears will only double down, triple down, working as fuel for another raise.
All signals continue bullish.
The very strong RSI supports additional growth.
Namaste.