šØ Bullish Bitcoin Pattern Still in Play Despite Market Slide! šØ
Bitcoin has seen a sharp 11% drop over the past 24 hours, crashing from $96,500 to below $87,000 amid macroeconomic and geopolitical concerns. But top analysts remain optimistic, signaling that Bitcoinās bull run is far from over!
š¹ Titan of Crypto: āThe Next BTC Move Could Be Explosive!ā š„
The analyst highlights Bitcoinās inverse head and shoulders pattern on the weekly chart, a historically bullish signal.
BTC appears to have broken out in Q4 2024, maintaining its bullish market structure despite the recent dip.
Price target? š Above $125,000! Thatās a 40%+ upside from current levels.
š¹ Other Analysts Remain Bullish! š§
ā Don Alt: The drop is just a weekly range low testāa bounce could be coming next week if BTC closes above the range low.
ā ZeroHedge: Bitcoin is mirroring its 2017 run and still has plenty of upside leftādonāt get shaken out!
š¹ Crypto Whales Are Buying the Dip! š
š According to CryptoQuant, over 26,430 BTC ($2B+) has flowed into accumulation addressesāa strong bullish signal!
š¹ But Not Everyone Agrees⦠ā ļø
š¬ Standard Charteredās Geoffrey Kendrick warns not to buy just yet, expecting a dip closer to $80,000 before the next leg up.
š„ Will Bitcoin hold its bullish structure and surge past $125K, or is a deeper correction coming? Share your thoughts below! š
š Disclaimer: This is not financial advice. Always do your own research before making investment decisions.
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