helllo am back .....is the bull market over ???? | BundiKe on Binance Square

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helllo am back .....is the bull market over ????

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Assessing the balance between #Bitcoin Long-Term Holders’ profit and loss volumes, we can see that the ratio of the two remains significantly elevated. This phenomenon is typical of bull market regimes, resulting from the minuscule amount of LTH supply held at a loss #MicroStrategyAcquiresBTC

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officially back #MicroStrategyAcquiresBTC

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#BITCOIN The current setup suggests a potential breakout to the next level. All eyes are on 100k. This is when retail investors will crush the candy store and the real fun will start. Legend: A symmetrical triangle forms when a descending resistance line and an ascending support line converge. As the price nears the apex, it will either break above the resistance for a bullish move or drop below the support, signaling a bearish move. Look for a volume spike and are least two closes beyond the trendline to confirm. These patterns often continue the prior trend e.g., an uptrend suggests an upside breakout. 📈 #BinancePoolFractalBitcoin

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#Bitcoin Parallels to 2020. The Fair value gap (FVG) has been filled. In most cases, panic selling is not a good idea. Within the next 8 weeks, we expect a rally that is similar to the 2020 post covid / post halving period. Stay tuned (or "buckle up" as chat gpt would say #MarketDownturn #BinanceLaunchpoolTON

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August has already been a exceptionally eventful month across both equity and digital asset markets, after a “correlation-1” event sparked a major market sell-off. #Bitcoin has been no exception, recording its largest drawdown of the cycle, causing capitulation amongst Short-Term Holders.

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