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The Bull Run Is Over, Crypto Is Dead, Tomorrow Comesā¦
Every two to four months, the same narrative cycles through the cryptocurrency market ā the bull run is over, sell while you can, crypto is dead! But what is really happening? Are we truly entering a new bear market, or is this just the same game played by those who control the market? As always, when someone says, "The bull run is over," the real story is far from finished.
Crypto Wreck Warning in Red Drops ā The Bull Run Is Over The media and FUD ā Fear as a weapon of manipulation
STATUS UPDATE Expected price action, make sure to have entry and take profit orders in place for this position. The market is expected to see further volatility meaning tight risk management should be in place at all times.
The SEC has decided to extended its review of Nasdaq's proposal to list and trade options on BlackRockās iShares Ethereum Trust. The new deadline for a decision is April 9, 2025.
ā” $BTC is testing the trendline! A breakout could trigger bullish momentum, while a rejection may lead to bearish movement.
Main Interest Levels
ā¬ļøSHORTā¬ļø $104,770
ā¬ļøLONGā¬ļø $99,172
Predicted Daily Range: $98,141- $105,678
VIP Action Plan
š $BTC is consolidating between EQ and support, aligning with a key demand zone.
A successful trendline breakout may confirm bullish momentum. However, rejection could lead to bearish movement toward the order block, which might provide another pump. If ignored, expect further downside. #BTC #bitcoin #BTCanalysis
Letās dive into some fresh thoughts on the market and whatās coming up on the roadmap. Buckle up, because this is where things get interesting.
First off, letās talk about the $8-10B liquidity event weāre staring atāthis isnāt just another blip on the radar. Itās one of the biggest crypto liquidity events weāve seen, and itās setting the stage for some serious spot buying opportunities. Bitcoinās already showing that classic V-shaped recovery, but hereās the kicker: $ETH and
$BTC is currently trading within an ascending triangle. If BTC successfully breaks out of the ascending triangle, it may spark a fresh bullish rally, attracting more investors eager to ride the momentum. The measured move target, typically calculated by adding the height of the triangle to the breakout point, could provide insight into potential price objectives. However, traders should remain cautious of false breakouts and monitor key support and resistance levels for confirmation. If BTC fails to break above resistance, a pullback to retest the lower trendline is possible, where renewed buying interest could prevent further downside.
āŖļøWRAP-UP (VIP)
BTC is trading in an ascending triangle. A breakout could trigger a bullish rally, with the target set by the triangleās height. Failure to break resistance may lead to a pullback to the lower trendline, where buying interest could emerge.
$BTC DAILY RANGE: šUpper Limit: 99149 šLower Limit: 96155 (+-10% based on moving average volatility open/endpoints)
This is the most detailed #Bitcoin review Iāve made in a while. Letās begin.
As you can see from the chart, there are two scenarios of the further price behavior, the one will be determined within the next 3 days.
In fact, it is simple: either the price manages to break through the $100,000 resistance and reclaim it OR we spend days in the chop above the $96,100 support.
The more time we spend below the resistance ā the lower chances of success bulls have. The more time we spend below $100,000 ā the weaker $96k support becomes.
And this TIME is DIFFERENT! I donāt think that the $92,000 support can survive another dump. If we break the $96k one now, more likely we will go to $85,000 almost instantly.
š The price action of $HBAR is consolidating within the S/R zone, with resistance aligned with the demand zone.
š The price has broken down from the support, which could signal potential bullish movement. However, the price is also showing signs of attempting to breakout from the support, which may indicate further bullish momentum. š
š If the price enters the golden level on the Fibonacci retracement, it may face selling pressure again. However, if this level is ignored, it could continue its bullish movement.
ā ļø If the price gets rejected from this level, it may indicate bearish movement. š»