BTC Considering the current price movement of Bitcoin and the data
* Breakout of Resistance: We have witnessed a breakout of the significant psychological resistance level at $100,000.
* Bullish Momentum: There is strong bullish momentum, as the price of Bitcoin has risen significantly in recent days and weeks.
* Moving Averages Crossed: The price is trading above the key moving averages on both the short and long term, indicating a strong upward trend.
* Relative Strength Index (RSI): Indicates strong buying pressure but is approaching overbought territory.
* Institutional Interest: There is increasing interest from institutions, evident from the inflows into Bitcoin exchange-traded funds.
Probability of a "Major Wave":
* Initial Scenario: The recent breakout of the $100,000 level and the strong momentum could be an early signal for the beginning of a new major bullish wave, targeting much higher levels than the previous historical peak (around $109,000).
:
There are strong indications that Bitcoin is in an upward trend and may be in the early stages of a major bullish wave. However, it is essential to exercise caution and monitor price movements and key support and resistance levels. No one can definitively claim the beginning of the "Major Wave", but the current data suggests the possibility of it occurring.