$BITCOIN – All Signals Go! Couldn’t Be More Bullish! 🚀
Bitcoin (BTCUSD) has now checked off multiple bullish boxes, with the latest being a successful hold of the 1D MA50 (blue trendline) as support—for the third time since June 5! Even if that level gives way, the 1D MA200 (orange trendline) sits just below, acting as a solid long-term support.
Interestingly, the MA200 aligns perfectly with the neckline of a massive Inverse Head & Shoulders (IH&S) pattern that's been developing since December 17, 2024.
And let’s not forget: a 1D Golden Cross was confirmed a month ago—an undeniably strong long-term bullish signal. Historically, IH&S patterns tend to target the 2.0 Fibonacci extension... which points us toward $168,000. 🎯
📈 All technical signs point north. The next leg up may just be a matter of when, not if.