BTC, we made a good move since 3 days ago... we quickly broke through the blue range on the chart (as we expected) and reached the $108.2K region.
In the last update, I mentioned that after reaching $108K, the BEARS would have 2 choices:
1) Stay and run the risk of being liquidated, or 2) Close in the negative.
It is evident that these BEARS chose the first option and preferred to fight for these prices, which made it more difficult for the BULLS to pass from here and is obviously causing this fierce lateralization on both sides.
Notice that in the 4H Candles, both the bulls and the bears are pushing the prices down equally, however, if we observe the chart, it is quite clear that a bullish flag is forming amidst this consolidation here.
We are above $106K and the advantage is with the BULLS, it is very likely that we will have a significant liquidation of these sales that are accumulating in this region.
A little more time here and we will have the ideal scenario for the continuation of this rise, the RSI is cooling down as needed, the EMAs 50/100 (4H) are entering this blue range on the chart, which should provide more support to the price.
It is not an exaggeration to also mention the WEEKLY chart, a close above $106K is incredibly optimistic and puts us on a straight path to a new ATH in July.
I respect those who want to be BEARISH here, but that is not my case... the chart is really very good. Of course, there are things that could be better, but let's be honest: IN THIS SITUATION OF GEOPOLITICAL UNCERTAINTIES we will not have a perfect scenario by any means, if we wait for a perfect scenario in all aspects to be OPTIMISTIC, then we will be left behind.
$112K is inevitable, now or later... the BEARS ARE DOOMED to failure, carrying...
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