Strong Bitcoin: How Far Down Can It Go?
2025-02-06
Category: None

The chart is pointing toward a lower low.
The last low happened 3-Feb. at $91,182. Volume was really high.

The main level below $91,182 is set at $87,922. This is the 0.382 Fib. retracement level for the previous bullish wave.

Another support level is present and that is $89,111. The level that was hit 13-January.

The main support stands at $81,164 and this is a very, very strong level.

Whatever type of bearish action that is happening now can be considered chart noise or simply more consolidation. Notice that Bitcoin is ultra-bullish above $90,000. Bitcoin is super-bullish above $80,000.

Remember: 
— Above $80,000 we continue bullish based on the monthly timeframe.
— Above $90,000 we continue bullish based on the weekly.

Any retraces and corrections are an opportunity to buy-in, rebuy and reload.
The current action is part of the final shakeout before a major bull-run. The bullish phase is much closer than you think, only weeks away.

Imagine the market feeling down, people feeling down and no excitement with no growth.
Imagine a huge big green candle out of nowhere, by surprise, and this marks the starts of the next bullish phase. This is how it normally works.

Now. The market needs a break after strong growth.
Bitcoin grew really, really strong in the later part of 2024 and this is the rest period.

Notice the price. The price is currently super strong.
Even with a short-term bearish bias and a down-sentiment the price continues strong.
Even with a very strong marketwide flush, Bitcoin is super strong. This is something to keep in mind.

Why would Bitcoin continue strong after such a strong bullish wave?
Because the bull-market is not over, it is only getting started; Bitcoin will grow more and people know, so nobody wants to sell.

When Bitcoin is down, we are seeing prices around $95,000 and $100,000.
Isn't this amazing? When Bitcoin is down, in truth, it is trading near its All-Time High.
Bitcoin has never been stronger.

What one does, the rest follows.

The fact that Bitcoin is ultra-strong, means that the Altcoins will soon recover and follow.
Forget the short-term. Long-term we are going up.

We are only weeks away.
Use this time to recharge but do not miss the next bullish wave.

This will be the biggest ever.

Thank you for reading and for your continued support.
Remember to follow for more.

Namaste.