Urgent Technical Analysis: Bitcoin Resumes Bullish Scenario in 2023
The current price behavior of Bitcoin closely resembles what happened during the bullish wave in 2023, indicating a strong likelihood of continued upward momentum in the upcoming period
Key Points
Clear formation of higher lows and highs similar to what occurred in the previous cycle
Significant increase in institutional inflows through Bitcoin funds
Growing support from governments and states, such as the New Hampshire law recognizing Bitcoin as a reserve asset
Analysts set the next target price at one hundred thousand dollars
Message to Investors
The market is preparing for a new price explosion phase
Technical and sentiment momentum is in favor of buyers
The price of one hundred thousand dollars is not just a prediction but a potential scenario forming day by day