Bitcoin - It Will Reach $100.000!

Bitcoin (BTCUSD) will break out soon:

Click chart above to see the detailed analysis👆🏻

Everything, and I literally mean everything, is bullish on Bitcoin. The previous cycles, timeframes, market structure and price action are all pointing towards the continuation of the bull run which started in 2023. And a breakout above the all time high, is the next trigger.

Levels to watch: $70.000, $100.000

Keep your long term vision,
Philip (BasicTrading)

Trade active

Trading update on Bitcoin (BTCUSD):

Click chart above to see the detailed analysis👆🏻

Bitcoin is once again rejecting the previous all time high resistance but it is definitely not the time to be worried at all. Even if Bitcoin comes back to retest the lower support of the channel pattern - which would mean a -50% correction - Bitcoin would still be bullish.

Levels to watch: $70.000, 30.000

Keep your long term vision,
Philip (BasicTrading)

Trade closed: target reached

Trading update on Bitcoin (BTCUSD):

Click chart above to see the detailed analysis👆🏻

Everything remains rather bullish on Bitcoin and it is quite likely that we will even see new all time highs in the near future. If you also caught this textbook breakout, it might be smart to take partial profits, just making sure though that you are able to overproportionally capitalize on further upside movement.

Levels to watch: $70.000, $300.000

Keep your long term vision,
Philip (BasicTrading)

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Keep your long term vision.

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