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Tethersupply

Bitcoin, Broadening Pattern BreakoutAs you can see in the chart, this is a very simple idea, this is a broadening pattern breakout that signals the continuation of the uptrend. Then, we have the 30k level that is a major resistance where a lot of people is going to open short positions which can result in big liquidations that will push the price higher. To that we have to add that new money keeps being injected in the economy and that Tether market cap is going up, new money is coming in to the market, today 500 millions were injected in to the tether supply, which is another thing that indicates uptrend continuation. I hope that you found this idea useful, I will be happy to see your opinion in the comments. Don't forget to give me a boost.
Long
by piccard54
Updated

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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