BTC IN CYCLE AND NEW BULLTREND SEEMS TO START
Updated
BTC has been following a repeating pattern since November, forming a cycle trend. In January 2023, it completed the first cycle confirmation.
Looking at the recent price action, the cycle remains intact because BTC's overall trend is still positive, despite some fluctuations. Large investors (whales) consider both the long-term perspective and the technical price analysis, which currently indicate a positive outlook for BTC, as represented by the green trend chart.
Based on this analysis, there is a good chance that BTC could reach $32,800 in the coming time, with a possibility of even reaching $47,000 by the end of 2023.
If BTC enters a strong bulltrend, it could further confirm the continuation of this upward trend in the future. Such a bulltrend in BTC may also positively impact other cryptocurrency projects, leading to potential gains in the broader crypto market.
There is a high chance BTC is going to build a volume for the first breakout to $32800
Expecting that BTC can see more breakouts in the coming time since the technical view on the cycle is still running.
When it's the right time BTC will show more volume, the small time frame is not a confirmation of the trend, what real the main trend is of BTC now, and that it's still running in a cycle since NOV 2022.
Looking at the recent price action, the cycle remains intact because BTC's overall trend is still positive, despite some fluctuations. Large investors (whales) consider both the long-term perspective and the technical price analysis, which currently indicate a positive outlook for BTC, as represented by the green trend chart.
Based on this analysis, there is a good chance that BTC could reach $32,800 in the coming time, with a possibility of even reaching $47,000 by the end of 2023.
If BTC enters a strong bulltrend, it could further confirm the continuation of this upward trend in the future. Such a bulltrend in BTC may also positively impact other cryptocurrency projects, leading to potential gains in the broader crypto market.
There is a high chance BTC is going to build a volume for the first breakout to $32800
Expecting that BTC can see more breakouts in the coming time since the technical view on the cycle is still running.
When it's the right time BTC will show more volume, the small time frame is not a confirmation of the trend, what real the main trend is of BTC now, and that it's still running in a cycle since NOV 2022.
Note
BTC is still on a positive trend.Note
The BTC cycle is about to get confirmed with the technical side.Note
Until now BTC did make an all-time breakdown holding since 20162023 is the lowest year where BTC did not break down as in the years before.
Note
$29680 important breakout point.Note
BTC is at this moment in a very important breakout zone, if this trend gets confirmed in the coming hours we will see BTC gaining again up 30KNote
BTC is still a very important zone, if BTC is able to get a confirmation in the coming hours at this trading point here below, then we can see BTC gaining again up 30KNote
Techincal data shows that the next 48H can be the important hours for the cycle confirmation of BTC.Note
Today can be important day for the cycle, and even manipulations trends can play a roleNote
BTC is even lower than 2% before the cycle confirmation, and on this price action, more volume can change. if the cycle is confirmed we will add it.Note
Note
The BTC cycle did already started since NOV 2022The new confirmation cycle is since today confirmed on technical algorithmic trading.
The previous 28800 + - have high chance to be at the bottom of 2023
Note
When the real volume will start, we will not see a change of $200 or $400The trend will have + volume - on confirmations and on the way to new cycles there playing always price action changes, that's normally, its about the big picture.
Note
The new monthly chart is about to start over some hours.The last mounts btc did breakdown by the start of the month chart.
This month has a high chance to be the first month where BTC will start with an increase.
Note
AUG can make history as the first month where the BTC starts with an increase since the start of 2023. And the same time AUG can become a BTC recovery month.
Note
If we study the technical data we find out that the most volume (whale volume is between 30200 and 30600.There is a high chance as we did add before that BTC is going to meet a breakout.
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