$BTC

$BTC

This is Bitcoin on the monthly timeframe. The break above resistance is happening this same month after 214 days of trading below resistance.

The 214 days below resistance is the consolidation period. 214 days is a long time in Cryptocurrency terms. All this time Bitcoin was loading up, building strength. Once the breakout is confirmed, the bulls win and we have a new beginning, the start of a bullish wave.

The bullish wave is starting now, literally, in November 2024. It is not the end, it is not a correction. A correction is what has been negated, nullified, a thing of the past, over, done. After 7 months of consolidation, you can expect months of bullish growth.

Back in 2023 the conditions were the same. Bitcoin consolidated for 214 days, 7 months, before a major bullish wave. The bullish wave lasted 152 days (5 months). Just think in similar terms, that's the minimum, because the consolidation phase was really strong.

The bullish breakout is not the start of a correction, it is the start of a bullish impulse. The bullish breakout means we are going up. Up, up, up, up, up, up, up... Up we go!

Namaste.