The main support is not $100,000 but $102,000, so we make this a range. Yesterday, for the first time this range was tested and it holds easily... We are strongly bullish above $102,000 and Bitcoin is already trading above 103K.
This is really good news but we are not fully in the green yet. Bitcoin can continue sideways, consolidation, and only after closing above $106,000 we are looking for higher prices. Once $110,000 gets conquered, we can start talking about new all-time highs and sustained bullish growth. Meanwhile, the altcoins grow.
So we are not there yet but this is the best ever. For Cryptocurrency to thrive we need a strong Bitcoin and Bitcoin right now is very strong. Are you trading any altcoin? If you are, feel free to accumulate, load-up, buy and hold.
As for Bitcoin, here is a very easy trading approach:
While above $100,000, ALL-IN bullish confirmed.
If it goes below $100,000, stay out and wait to see what the market does. As soon as there is a support level created, we go LONG. If it goes below $100,000 just to recover the next day, we are again ALL-IN as soon as Bitcoin starts trading above 100K.
This process can be repeated many times but once Bitcoin takes off, buying below $110,000 is a major win because soon Bitcoin will be trading above $150,000. We have targets around $180,000 and even beyond $200,000 is possible this same year. Never forget the bigger picture.
The bigger picture is bullish for Bitcoin and the altcoins, the short-term can create confusion because the chart, market conditions, can change within hours.
But there can be a drop, a retrace or a market flush, but knowing that Bitcoin will be trading above $150,000 soon turns such an event into a non-event, it makes it into a simple hold.
The action on the side of the altcoins confirms that Bitcoin will continue to grow. Short, mid and long-term.
There is no retrace, there is no correction, only a small consolidation phase in anticipation of the next bullish wave. You already know this. If you didn't, now you know.
In 2025, Bitcoin will continue to grow. Just as it grew in 2023 and 2024.
We are entering bull market season. Bullish momentum will only start to gain force.
Namaste.