Bitcoin is unleashed! ✅✅✅
This wraps up the analysis series we've been doing all week, where we’ve been tracking Bitcoin's movements and projecting its behavior. There’s not much more to say because we’ve covered all the possible scenarios in previous posts.
Is it bullish? OBVIOUSLY! 🫰
The best scenario played out: Bitcoin broke the $65,100 resistance with a solid candle body and is now doing exactly what it should – confirming the level. Right now, the price is sitting at a key level, and when markets open in a few hours, we expect more volume to push Bitcoin toward previous highs.
Here are the three possible outcomes for today:
1. We see a bear trap – the price falls below, but before the 4-hour candle closes, it bounces back up, trapping short traders.
2. Profit-taking happens, and the price drops to the previous level (unlikely).
3. The level holds, and the next upward move begins – this is my most likely scenario.
As always, we’ll wait for the 4-hour candle to close before making decisions. We have clear guidance for trading, and the possible scenarios are on the table.
Crypto Citizen signing off! I hope this week’s analysis has been helpful. If you'd like me to analyze a different coin, leave a comment for future posts.
🚨 Reminder: Please keep comments constructive and avoid negative or unhelpful remarks. Hugs and have a great day!
