After a long period of consolidation, it appears bitcoin has finally found its footing at 76k.
I've continued to be cycle bullish and would now like to see the final leg up of the cycle.
Macro appears neutral with no additional rate cuts being forecast in beyond 2 in 2025, I also see no case for a surprise rate cut.
We are at favourable risk levels with SMAX in the high 60's which is very high bullish probability for this stage of the cycle.
And we are finally in a clear piece of short term bullish momentum.
I've continued to be cycle bullish and would now like to see the final leg up of the cycle.
Macro appears neutral with no additional rate cuts being forecast in beyond 2 in 2025, I also see no case for a surprise rate cut.
We are at favourable risk levels with SMAX in the high 60's which is very high bullish probability for this stage of the cycle.
And we are finally in a clear piece of short term bullish momentum.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.