Wishing you a very prosperous and blessed new year beyond your expectations. This year might deliver some of the best/cleanest price action. Glory be to God
Above 79k is bullish and remains a healthy bull market with a target of 140k. Below 79k could signal a bear market lasting 6 months, potentially targeting 55k. #Bitcoin
#BTC perspective 4H: - Price has broken out of a key bearish trend (marked in blue) - Retested that broken downtrend channel after the breakout Looks ready to trade around the 100k level again.
#Bitcoin 1D: Price has broken out of a major bearish trend area and retested it on the daily timeframe. Bullish if momentum continues and price stays above 88k. 100k+ from here is very realistic.
#Bitcoin 1W: Notice a very similar weekly candlestick, usually a bottom when it prints on a strong weekly support like that. The idea below could happen if BTC keeps holding above 85k.