Welcome to this quick Sunday update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
I hope you enjoyed the weekend with your friends and family.
Let's get straight to the chart:-
In my previous update, I mentioned that BTC is ready for a rally towards 33k while BTC was trading around 29700+.
BTC did rally to these levels. I would call the rally towards 34785 something that saved BTC from a massive breakdown.
BTC is really looking good in the mid-term.
It already broke out of the channel resistance and currently, it's retesting the blue horizontal zone.
32.2k to 33.4k is the main support area for Bitcoin.
I am expecting a rally towards 41k from here.
I know it's a BOLD statement but that is exactly what I see in the current chart.
There's one condition for that Bitcoin, it needs to hold the 32k Level no matter what by the weekly close.
What's your thought on this?
Do you think this correction is over?
Do you think BTC could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE