Weak Bitcoin Above $100,000? Correction Or Bullish? +Altcoins
2024-12-19
Category: None

Let me ask you, is one day red really a strong correction? Is it really that bad? Or is it more of a market reaction to a speculative news event?

The answer to this question doesn't really matter,  Bitcoin continues strong and is trading above 100K. 

How are you doing my fellow Cryptocurrency trader?
I hope you are having a wonderful day.

Recently we established some resistance and support levels as Bitcoin was climbing up. In early November, as soon as Bitcoin moved above 74K, we would say, "Ultra-bullish above 70/74K." And this condition remains above 69K and 64K based on the 2021 bull-market All-Time High. But Bitcoin ended up stronger and being super-strong, prices continued to climb higher and higher it is today;  Bitcoin is going up. 

The previous all-time high and the March 2024 peak price soon became irrelevant; the next support level on a drop we considered to be 80K. Bitcoin passed 80K easily in this current price discovery phase and there has been no retrace, no retest, nothing; straight up; Bitcoin continues to grow.

Now the main level is 90K but this is pretty far away based on current market action and conditions. The next immediate support is already sitting at 100K. As long as Bitcoin trades above $100,000, we are hyper-bullish, that's all we need to know.

Bitcoin can shake, Bitcoin can drop, Bitcoin can do anything in a matter of hours or days; but focus on the candle close, can be weekly, daily or monthly and see the price; ask yourself, at what price is Bitcoin trading today?

If the price remains above $80,000, $90,000 or $100,000, you know we are ultra-hyper-mega bullish long-, mid-, and short-term.

On the daily timeframe we can track 100K.
On the weekly timeframe we can focus on 90K.
On the monthly timeframe we have 80K.

These are the support levels and we are considering these only if you want to protect yourself and you lack trust on Bitcoin, the Cryptocurrency market, and all of us. We know that 2025 is the full-blown bull-market. We already have a preview, the whales know. So what is everybody doing now? They are accumulating before maximum growth. Since everybody is accumulating, prices will continue to grow. Prices will continue to grow for Bitcoin and for the Altcoins, all across. It will continue to grow long-term. It is not over, this is the beginning not the end.

If Bitcoin were to go down and test these support levels —a blessing, use this as an opportunity to buy more, but this opportunity is hard to come by, it is no longer early, we are already within the start of the first bullish wave.

Many Altcoins are still trading low but the majority are 3-5 levels higher compared to their market bottom. There is good news though, there is still plenty of room left for additional growth.

Is one day red a strong correction?
It isn't... One day of bearish action is considered chart noise.

Bullish consolidation continues;
Consolidation leads to higher prices.

Thanks a lot for your continued support.

Whatever you do, focus on the bullish side. It is an easy win right now. Being bearish at this point can be the biggest mistake of your trading life and can result in massive losses and missing an amazing, and obvious, opportunity that is right in front of us.

First we look for proof on the chart.
Then, we confirm this proof based on price action.

The market is growing. That's all you need to know.
We've been here before... The end result is good and a positive one.

It doesn't matter what happens in the short-term, Bitcoin will always recover and continue to grow. There is no scenario where a bull-market ends before the bull-run. The bull-run is months away; the market is big and continues to evolve.

We have most of 2025 to experience success and maximum abundance.

If you haven't been bullish by now, that's ok, take the loss and move on.
If you stay bearish now, you cannot blame anybody because everybody knows that Crypto is going up.

Adapt and change.
We all make mistakes, but it is time to join the next Cryptocurrency market bullish wave.

We are going up and the market continues doing great. This is positive.
It is the best possible scenario. We are set to experience growth long-term.

Any retraces and corrections are an opportunity to buy.
Right now is great timing to reload on all Altcoins; the retraces is over.

Thank you for reading.

Namaste.