š° #BITCOIN UPDATE
Is the Bull Market Over? š¤
Short answer: NO! Letās break it down.
Technical Perspective:
BTC recently broke out from an inverse head & shoulders on the weekly. This dip? A healthy retest of the $72K-$75K breakout zone. If confirmed, expect a strong push upwardāpatience is key!
Fundamental Perspective:
1ļøā£ Institutional Adoption ā Giants like BlackRock, Fidelity & hedge funds are still accumulating. Even some nations are stepping in.
2ļøā£ ETF Inflows ā Spot ETFs continue to see billions in inflows, proving TradFiās belief in BTC.
3ļøā£ Macroeconomics ā With the Fed slowing rate hikes, liquidity could start flowing back into risk assets like BTC.
Key Level to Watch:
A strong bounce off the neckline confirms strengthānext stop, new highs! š
#BTC #Crypto #BitcoinForecast