CryptioniX
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$BTC
Breakout ready to push BTC to $137K? Break $109K, euphoric phase could start. But be careful, failure to hold could pull it down to $85K!
Breakout ready to push BTC to $137K? Break $109K, euphoric phase could start. But be careful, failure to hold could pull it down to $85K!
Fomo & Euforia Comeback 🔥
$BTC
"In my view, the current market condition has not entered a bear market phase, but rather is in a selection phase-where liquidity is still too small to initiate a large decline. The red zone on the logarithmic channel has also not been touched, which is an indication that there is still further bullish potential.
As such, it is likely that Bitcoin will continue its upward movement towards the upper area (red zone) to pick up higher liquidity, before a large distribution and potential correction.
What if the macro scenario is favorable? For example, if global wars subside (there is peace) and interest rate cuts start to take place, then these catalysts could strengthen the medium to long term bullish impulse."
"In my view, the current market condition has not entered a bear market phase, but rather is in a selection phase-where liquidity is still too small to initiate a large decline. The red zone on the logarithmic channel has also not been touched, which is an indication that there is still further bullish potential.
As such, it is likely that Bitcoin will continue its upward movement towards the upper area (red zone) to pick up higher liquidity, before a large distribution and potential correction.
What if the macro scenario is favorable? For example, if global wars subside (there is peace) and interest rate cuts start to take place, then these catalysts could strengthen the medium to long term bullish impulse."
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