A quick look at the BTC chart makes it seem fairly bullish at the moment. Of course, fundamentals and current events will play a part, but the technicals favour a breakout to the 32k area.
The rightmost side of the price chart (last several weeks) shows a clear uptrend, with little weakness. The chance of a breakout from this 28k region is about 70% in my estimation. Everything really started going right for BTC since January 1st.
The daily chart shows more detail of 2023's price action:
A pullback could be in the cards, but ultimately it appears this thing is going much higher. I wonder if we will have to wait until 2024/25 for the big moves? The way the banking system is falling apart, I wouldn't be shocked if a lot of people decided BTC is looking really viable all of a sudden.
As long as the lights stay on, BTC is probably going to keep going up!
More detail on the recent sideways consolidation:
When something is bullish on multiple timeframes, you have to take notice.
A spike into the 30-40k range would make the 69k November 2011 top not look so far away. And when that gets surpassed, 100+ is in sight. I was thinking that wouldn't be until 2025, but the way things are going in the world, I wonder if it will come sooner.
Community tokens like BLURT will do well - and perhaps very well - in the coming crypto bull market.
And there's always suck for rice...
I would be happy BTC breakout fast and surpass the previous 69k ATH to hit 100k the other alt coin too to do very well in this bull run
I'm really hoping for some growth in Litecoin. I'll just be holding onto my Bitcoin for the foreseeable future, but I've got some bills to pay.
Good to hear! I hope it will happen soonest..🙏
Yes,. it's been 5 months since btc is on uptrend, doing well in breaking out previous supports and resistance. Many are hoping for continuous breakout, also many are waiting for another dip under $20K level.