Bitcoin's lower high and rejection at resistance has been nullified already after just one day. This means that the market is bullish and confirmed to continue rising. The bearish signal previously mentioned has been fully nullified.
Bitcoin is likely to continue to challenge resistance though or grow only slowly, more consolidation, while the altcoins market bullish cycle unravels. It is a long process.
While the action looks good above resistance, black line on the chart, it can move back down and continue to fluctuate for days, weeks or months. In this case, months is not a possibility so we are left with only weeks or days.
Bitcoin can continue with its consolidation at resistance for a few days or some weeks at max and then we are at the next high. Market conditions will be very different when Bitcoin trades at $135,000 vs $120,000. Things will be even harder to manage when Bitcoin trades at $155,000 vs $135,000, but this is where we are headed. The bulls own the game.
The altcoins market will look so much different and everything will be up 200-300%. This timeline is expected to develop in the coming 60 days.
The bull market will continue to unravel and prices will continue to grow all across Crypto.
Thank you for reading.
Namaste.
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