$BTC
Two rejections of $BTC have occurred thus far from the 68k resistance zone. However, here's why I think it will succeed soon:
Whales have left the market; not too long ago, $53 million worth of bitcoin was transferred from Binance to a third-party wallet.
Strong bullish market control is indicated by the buy volumes on the pumps being greater than the selling volumes in the aftersell. Fear is driving the bears to take profits, but soon everyone who is taking profits will have left.
Since futures trading is at its lowest point in the past two months, there won't be any more liquidity sweeps that could be used by bulls bears to play a volatility trap. In fact, it is in the best interests of market regulators to let Bitcoin pump and gain momentum once more, allowing bears to short and sanguine bulls to take long positions and boost liquidity in order to obtain additional sweeps.
It is not confirmed that the Wyckoff schematic exists until the 68k threshold is crossed. If so, unless a war breaks out and people decide to shift their money into assets, we can anticipate a new ATH at 80k by the end of May before a true bear market retreat to 50k.
Since the US recently passed a bill providing $60 billion in aid to Taiwan, Israel, and the Ukraine, confidence in the USD is about to collapse, even though the DXY is currently experiencing a steady uptrend. This clarifies why Gold is setting new benchmarks this year as well.
