You'll know Bitcoin broke out of a Falling Wedge pattern on 27 September 2024. It then came back down to sweep liquidity from the buyers.
Moved up and we got a confirmation signal that upside was imminent from $67,000.
Since then, it's been text book that the market has been moving up a trajectory of 45 degrees and then escalated its upside when Trump became president.
So, the first psychological target has been reached at $100,000 and the next target of $105,000+ is easily on the cards.
So, things are still looking up with Bitcoin. Investors are even studying Bitcoin fundamentals which state it should go higher due to political and economic reasons. Who thought?
ANd with Alt Coins also having their days, it looks like Crypto Summer is here to stay.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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