Some people are still expecting for "Bitcoin to go down." Poor bastards, the advance is just starting. Bitcoin just broke out of a 210 days long consolidation phase. After this huge, long-term consolidation, expect a major advance. Next target is now set at $155,601.
This week is the first week green after the consolidation finally ends. The market was sideways for seven months, with some fluctuations, and the result is a bullish breakout. Why a breakdown? Why expect a drop? If the market just broke up—think about it—why would it go down?
If resistance is confirmed; you remember the range between $100,000 and $110,000. If resistance is confirmed then Bitcoin would start crashing down from $110,000. If the break of $110,000 does happen and Bitcoin moves to $112,000 as a bull-trap, then you would expect a major crash happening from $112,000 and no more. But, reality is saying, showing, something much different. We have a major advance. Resistance has been flipped into support.
Now, the first that is needed is the weekly close. It is still very early into this move but Bitcoin is showing maximum strength. Remember the altcoins? These confirm that the advance is just new, early, because these are recovering from all-time lows or major lows. There is still plenty of room for growth.
My people, wake up! Bitcoin is going up.
The next target is $155,601 and it can go higher, this is only the mid-term target based on the long-term. When Bitcoin consolidates for 7 months, it tends to grow some 137% on average, it can be less but it can also be much more. And it tends to grow at least for 1-2 months, but this also is just the average, Bitcoin can grow straight up for 4 months.
So, are you still bearish?
Oh please no! The bulls already won.
The 2025 bull market final phase starts now, soon you will experience a marketwide bull-run. We have not seen the euphoria phase, this is only the start. Prepare for additional growth.
I am calling out all of the bears, never bet down on Bitcoin; Bitcoin is going up.
Namaste.
This week is the first week green after the consolidation finally ends. The market was sideways for seven months, with some fluctuations, and the result is a bullish breakout. Why a breakdown? Why expect a drop? If the market just broke up—think about it—why would it go down?
If resistance is confirmed; you remember the range between $100,000 and $110,000. If resistance is confirmed then Bitcoin would start crashing down from $110,000. If the break of $110,000 does happen and Bitcoin moves to $112,000 as a bull-trap, then you would expect a major crash happening from $112,000 and no more. But, reality is saying, showing, something much different. We have a major advance. Resistance has been flipped into support.
Now, the first that is needed is the weekly close. It is still very early into this move but Bitcoin is showing maximum strength. Remember the altcoins? These confirm that the advance is just new, early, because these are recovering from all-time lows or major lows. There is still plenty of room for growth.
My people, wake up! Bitcoin is going up.
The next target is $155,601 and it can go higher, this is only the mid-term target based on the long-term. When Bitcoin consolidates for 7 months, it tends to grow some 137% on average, it can be less but it can also be much more. And it tends to grow at least for 1-2 months, but this also is just the average, Bitcoin can grow straight up for 4 months.
So, are you still bearish?
Oh please no! The bulls already won.
The 2025 bull market final phase starts now, soon you will experience a marketwide bull-run. We have not seen the euphoria phase, this is only the start. Prepare for additional growth.
I am calling out all of the bears, never bet down on Bitcoin; Bitcoin is going up.
Namaste.
Note
The main signal will come in on the weekly close. The weekly session closes tomorrow, in 26 hours. Closing at current price or higher will produce a full green candle. A full green candle after a strong consolidation phase and a major bullish breakout would give further strength to the bullish case. This is literally just the start, the first week closing above long-term resistance and at a new all-time high.
The daily session remains neutral.
This is still pretty early but this type of action favors the bulls. When Bitcoin peaks, the next day is always a very strong crash. The fact that a very strong crash is not present today means that the top is not yet in.
Several altcoins are growing 2-3 digits green within hours and this pattern has been repeating for months now. This is how the altcoins market behave right before a major long-term growing phase.
Crypto is bullish. Bitcoin will continue to grow.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Related publications
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.