🚀 Hey Traders!
If you're finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥
Is the Bull Market Over? 🤔
The big question on everyone's mind—Has the bull market ended? My answer is NO! Let’s break it down:
📊 Technical Perspective:
As you can see in the chart, BTC recently broke out from an inverse head and shoulders pattern on the weekly timeframe. This current dip? It’s nothing but a healthy retest of the breakout ($72k-$75k). Once BTC successfully confirms this retest, we should see a strong push to the upside. Patience is key!
🌍 Fundamental Perspective:
1️⃣ Institutional Adoption: Big players like BlackRock, Fidelity, and global hedge funds continue accumulating BTC, Also adopting by some big countries like US proving confidence in the long-term trend.
2️⃣ ETF Inflows: Bitcoin Spot ETFs have seen billions in inflows—indicating that traditional finance (TradFi) is betting on BTC’s future.
3️⃣ Macroeconomics: With the Fed slowing down rate hikes, liquidity might start flowing back into risk assets, benefiting BTC and crypto as a whole.
🔍 The Key Level to Watch:
A successful bounce from the neckline of this pattern will confirm strength and could send BTC soaring to new highs!
🔥 What’s your take? Drop your thoughts in the comments, and let’s navigate this market together! 🚀💰
If you're finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥
Is the Bull Market Over? 🤔
The big question on everyone's mind—Has the bull market ended? My answer is NO! Let’s break it down:
📊 Technical Perspective:
As you can see in the chart, BTC recently broke out from an inverse head and shoulders pattern on the weekly timeframe. This current dip? It’s nothing but a healthy retest of the breakout ($72k-$75k). Once BTC successfully confirms this retest, we should see a strong push to the upside. Patience is key!
🌍 Fundamental Perspective:
1️⃣ Institutional Adoption: Big players like BlackRock, Fidelity, and global hedge funds continue accumulating BTC, Also adopting by some big countries like US proving confidence in the long-term trend.
2️⃣ ETF Inflows: Bitcoin Spot ETFs have seen billions in inflows—indicating that traditional finance (TradFi) is betting on BTC’s future.
3️⃣ Macroeconomics: With the Fed slowing down rate hikes, liquidity might start flowing back into risk assets, benefiting BTC and crypto as a whole.
🔍 The Key Level to Watch:
A successful bounce from the neckline of this pattern will confirm strength and could send BTC soaring to new highs!
🔥 What’s your take? Drop your thoughts in the comments, and let’s navigate this market together! 🚀💰
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.
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.