Bitcoin's Upcoming Surge: Are You Ready for the Insane Pump?
Binance•2 months ago•
860

Bitcoin's Upcoming Surge: Are You Ready for the Insane Pump?

Technical Analysis
bitcoin
crypto
trading
marketanalysis
fibonacci
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Summary:

  • Bitcoin is experiencing a drop, but a significant upward move is anticipated.

  • A liquidation cluster is present below previous lows, aligning with the 0.5 Fibonacci ratio.

  • Expect a push towards 62% on Bitcoin Dominance, with altcoins possibly lagging.

  • The USDT.D is forming a bearish pattern, while altcoins may see a surge.

  • Entry point for trades is around 100k, targeting 131k.

BTC Long Signal Alert!

Coin Name: #BTC
Signal Type: Long

As observed, Bitcoin's chart is currently experiencing a drop, which was anticipated. There is a major liquidation cluster below our previous lows, perfectly aligning with the 0.5 Fibonacci ratio. Once we witness a liquidity sweep from this low value area, an impulsive move upwards is expected.

BTC 4H TF
BTC 4H TF

We may observe a push towards 62% on the Bitcoin Dominance chart, indicating a strong move for Bitcoin while altcoins might lag. However, a massive resistance exists at the Golden Fibonacci ratio; a decline from this point could spell good news for altcoins.

BTC.D
BTC.D

The USDT.D is forming an inverse Cup and Handle pattern, suggesting a significant bearish trend.

USDT.D
USDT.D

Trading above the descending channel acts as support, indicating an insane push in the altcoin market in the coming days.

TOTAL3
TOTAL3

Trade Details:

  • Entry: Around 100k
  • TP: 131k
  • SL: Keep Accumulating

Important:
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