Gk_Aronno
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Bitcoin Will Soon Follow GOLD!!!
$BTC
Bitcoin has just hit the $87,000 mark, breaking out of a classical bullish continuation pattern. This breakout is significant and indicates strong bullish momentum that could lead to further upside. If this momentum continues, Bitcoin has the potential to not only reclaim its previous all-time high but also push beyond into price discovery mode.
Interestingly, this move comes right after Gold printed a new all-time high. Historically, Gold has often led major macro cycles, with Bitcoin following closely behind. This pattern seems to be playing out once again. As investors rotate capital and seek safe havens or inflation hedges, Bitcoin stands to benefit as the digital equivalent of Gold. If history repeats, Bitcoin could be on the verge of its next major rally.
From a technical standpoint, the breakout is supported by increasing volume and bullish momentum indicators such as RSI and MACD. The key support now lies around the $85Kโ87K zone, which previously acted as resistance. If price holds above this level, the next targets to watch are $90K and the psychological $100K mark.
That said, proper risk management is crucial. The market is moving fast, and while the setup is bullish, itโs important to have a well-defined stop-loss strategy in place. Avoid chasing priceโwait for clean retests or consolidations if you missed the initial breakout. Momentum may be in the bullsโ favor, but discipline keeps you in the game.
Bitcoin has made its move. Gold has shown the way. If the historical correlation holds true, Bitcoin may be just getting started. Stay focused and manage your risk wisely.
Bitcoin has just hit the $87,000 mark, breaking out of a classical bullish continuation pattern. This breakout is significant and indicates strong bullish momentum that could lead to further upside. If this momentum continues, Bitcoin has the potential to not only reclaim its previous all-time high but also push beyond into price discovery mode.
Interestingly, this move comes right after Gold printed a new all-time high. Historically, Gold has often led major macro cycles, with Bitcoin following closely behind. This pattern seems to be playing out once again. As investors rotate capital and seek safe havens or inflation hedges, Bitcoin stands to benefit as the digital equivalent of Gold. If history repeats, Bitcoin could be on the verge of its next major rally.
From a technical standpoint, the breakout is supported by increasing volume and bullish momentum indicators such as RSI and MACD. The key support now lies around the $85Kโ87K zone, which previously acted as resistance. If price holds above this level, the next targets to watch are $90K and the psychological $100K mark.
That said, proper risk management is crucial. The market is moving fast, and while the setup is bullish, itโs important to have a well-defined stop-loss strategy in place. Avoid chasing priceโwait for clean retests or consolidations if you missed the initial breakout. Momentum may be in the bullsโ favor, but discipline keeps you in the game.
Bitcoin has made its move. Gold has shown the way. If the historical correlation holds true, Bitcoin may be just getting started. Stay focused and manage your risk wisely.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.