Bitcoin's Final Flush Is Now Over: $200,000 Next Target
4375
What you see here on the 1H timeframe is literally the final flush.
In simple terms, we are witnessing today the lowest prices before the start of a rise that will peak around $200,000, more or less. The end target can vary but the low is. Get ready to buy; get ready to hold; get ready to trade.
Bitcoin hitting bottom is a major development. This is the biggest development within the Cryptocurrency market.
Yesterday I shared some supporting signals based on the Altcoins charts. Many Altcoins are producing higher lows compared to 3-Feb. and this is the signal that the bottom is in. There is more.
Today, many Altcoins are already strong and bullish and this is the final signal confirming that the bottom is in. Anything you buy now you will have a great entry long-term.
This is a friendly reminder. We are set the experience the best bull-market in the history of Crypto.
Thank you for reading.
Namaste.
Trade active
Just give it a few hours or a day or two and this thing should be over. The volume is looking good on the short-term.
We are not going beyond February with this thing. This is final flush for certain.
Note
See this:
This is a 140% rise within a single day.
No Altcoin would recover this strongly if Bitcoin wasn't near its end. We are looking at the bottom low before a change of trend.
Note
Here is another one. This is a strong bullish breakout:
Note
This is Litecoin on the daily timeframe:
Litecoin is one of the big projects and moves with the rest of the market. It wouldn't recover this strongly if Bitcoin wasn't near its end.
Notice the negative candle yesterday and today full green.
We should be green in a matter of days at the maximum.
I hope this answers your questions.
Note
THORChain (RUNE) was one that moved early in 2023. It already bottomed and is starting to turn.
This can be used as a signal that the market is hitting bottom.
Allow for some variations across pairs but this is it.
We are bullish March 2025 and beyond.
February has only a few days left.
Note
Notice the super-high volume on zkLend:
This wouldn't be happening if the market was set to continue lower long-term.
Here we are seeing a bullish breakout with the bottom happening on the 19-Feb.
Notice the break above EMA21 on high volume.
Some projects move first and this is the signal.
Patience is key.
Thanks a lot for your continued support.
Trade closed: target reached
There are two points to consider. It would be prudent to wait for the weekly close but I will still make a mention.
1) Bitcoin closed last week at $96,000. If this week closes above $90,000 we are simply witnessing market noise. A small weak shakeout. The week will close strongly of course. If not, nobody cares; Bitcoin is going up.
2) More Altcoins are waking up bullish and showing clear bullish signals. The bottom is long gone. The 3-Feb. happened more than three weeks ago. That's a long time ago.
See some of the Altcoins that are bullish now, some are really big projects and this reveals that the market is bullish now and growth comes next.
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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.