Ualifi Araújo
--
Bullish
Analysis $BTC 03/24/2025
#BTC , we are seeing a good recovery here in Bitcoin, we preserved $84,200 as support and jumped to break $88K as was expected since last week.
Obviously, we had good help from the Whales, Exchanges, Saylor, and BlackRock who have been buying since last week, my feeling is that only smaller investors are the ones still afraid to buy.
It had been over a month since we broke the EMA 200 (4H) and today we managed to do that, so if we can keep prices above $87,200 today, we will have a continuation to $90K much faster than we imagined this week.
Although we have some Economic data tomorrow, I don’t think it will impact the price much, I think a small pullback here is natural and not necessarily because of tomorrow's data, since we are quite stretched in 4h.
I would like to emphasize that this type of rise we are seeing is usually stronger and is precisely what we need here.
There are large SHORTs trapped in this current region that will be liquidated or forced to close losing as soon as the price reaches $90K, it will be interesting to see the price action there.
Looks good to me, very good!
As soon as we recover the GREEN range on the chart is where the real party begins for #altcoin .
$95K soon!
#BTC , we are seeing a good recovery here in Bitcoin, we preserved $84,200 as support and jumped to break $88K as was expected since last week.
Obviously, we had good help from the Whales, Exchanges, Saylor, and BlackRock who have been buying since last week, my feeling is that only smaller investors are the ones still afraid to buy.
It had been over a month since we broke the EMA 200 (4H) and today we managed to do that, so if we can keep prices above $87,200 today, we will have a continuation to $90K much faster than we imagined this week.
Although we have some Economic data tomorrow, I don’t think it will impact the price much, I think a small pullback here is natural and not necessarily because of tomorrow's data, since we are quite stretched in 4h.
I would like to emphasize that this type of rise we are seeing is usually stronger and is precisely what we need here.
There are large SHORTs trapped in this current region that will be liquidated or forced to close losing as soon as the price reaches $90K, it will be interesting to see the price action there.
Looks good to me, very good!
As soon as we recover the GREEN range on the chart is where the real party begins for #altcoin .
$95K soon!
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