Buy The Rumor, The News, The Fact & The Inauguration—Buy Bitcoin
2025-01-17
Category: None

Bitcoin is ultra-bullish on the weekly timeframe.
Bitcoin has been very strong lately. Resilience is the word that comes to mind.

This chart reveals a strong rise starting September 2024. Since early September.

The rise stops abruptly around mid-December, after 105 days.
The drop is minimum in comparison to the strength and size of the rise.

It's been four weeks, or exactly 1 month, since Bitcoin produced a new All-Time High.

The first red week was the 16-Dec. week.
The following three weeks were neutral and this week the market is turning ultra-bullish. 

We are going to see higher prices next.

Look at the last candle. This is the current session/week.

This week has a long lower wick. This wick hit the lowest price since 11-Nov. 2024. Yet, the week is now green again and the candles body trades higher than the previous three weeks open and close. This signal is ultra-bullish.

In short, the retrace that started in mid-December 2024 was consolidated for three weeks and after three weeks we are seeing the bulls taking the upper-hand.

Everything on this chart points toward higher prices.

An easy, very easy, target is set around $120,000.
This would be followed by $139,000.

Seeing the structure of the chart, the price of $150,000 to $158,000 can be this cycle top. This is a possibility based on the length of the current bullish wave.

A blow off top can result in a flash crash lasting days with a recovery extending to many months. Then a capitulation phase and the start of a new cycle once we have the bear-market low. But that is too far away. Right now, Bitcoin is going up.

What about the Altcoins?

The Altcoins market is showing all the signals that you would expect before a major bull-market. Pairs are breaking out super strong. Higher lows all across, no new lows anymore.

Continuation. Resumption and accumulation.
A bullish market but the people are detached, classic.
This tends to happen before a major bullish phase.

The majority of market participants somehow lose interest and become detached, to later FOMO (rush) when the action is underway. Join early I say, that's the way to fully profit from the entire bullish wave.

Bitcoin is going up. Don't let anybody tell you otherwise.
Right now, this is the easiest prediction to say.

Think of this, we have more than five months of bullish action and there hasn't been a single correction. The small retraces and shakeouts are just market noise. Looking at this weekly chart, it is easy to say so.

Patience is key to win here.

You can put all of your money now into Crypto and soon enough you will be happy with the results.

Spot has very little risk.
If you are a beginner, it is better to buy and hold. In the end you can end up making more money than trying to trade.

If you are advanced, you know what to do; hit the gas.
We are about to boom! High lev., high risk, high profits; let's get rich.

Thank you for reading.

Namaste.