Hello Traders ! Regained momentum mostly due to #usa #CryptoIn401k here is my #BTC #analysis , potential scenarios and why ! PS : I share regular updates and if this helps you trading better, do leave a comment, like and follow :)

So... $BTC ...

*see both images for further info.

1. On a monthly view #bitcoin is now above the historical ceilling trend, which is a first time. To regain momentum and use this a support BTC must have clear movement above FVG.

2. Last weekly FVG we saw BTC bounce at 111-112k and now trading above.

3. Next objective is the 118.8k-118.9k USD. Then the two likely scenarios in the short term :

A. Breaks (on a daily pattern) the 119k USD and we are in a run to ATH and up to 125k-135k USD (applying historical growth extensions as rulle of thumb)

B. BTC fails on 119k USD, revisits the weekly FVG and goes south for a few months of Bear market to former weekly-monthly lower lows towars 97k to 74k USD (fibonacci reload buy area).

There you go :

- clean cut above 119k -> buy

- multiple or strong rejections to 119k -> consider selling

- break south of 110k -> sell and monitor

Remember, there is nothing wrong selling above the historic monthly trend line, do sell for profits along the climb in portions (DCA you gains) and reload when it gives weak signs.

Hope this helps you planning and acting !