Yesterday, Bitcoin dipped and recovered again, following last week's sharp spike down, triggered by the $9B Galaxy Digital sale on behalf of a Satoshi-era investor.
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🧠 Why is this important?
Despite being one of the largest BTC sales in history, the move only caused a temporary spike down.
That’s a clear sign of market strength and strong interest on dips.
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📉📈 Current Technical Context:
• If we ignore the spike, price is consolidating in a tight rectangle
• That’s typically a continuation pattern
• The broader trend remains strongly bullish
📌 Put all of that together, and we have at least 3 reasons to expect upside continuation
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🎯 Key Levels:
• Break + daily close above $120K → likely leads to a new ATH and a potential test of $130K
• Invalidation only comes with a break below $114K
________________________________________
Conclusion:
BTC just absorbed a massive $9B sell without blinking.
As long as $114K holds, I'm bullish and expecting continuation.
Next leg could (and I hope it will) be explosive. 🚀
________________________________________
🧠 Why is this important?
Despite being one of the largest BTC sales in history, the move only caused a temporary spike down.
That’s a clear sign of market strength and strong interest on dips.
________________________________________
📉📈 Current Technical Context:
• If we ignore the spike, price is consolidating in a tight rectangle
• That’s typically a continuation pattern
• The broader trend remains strongly bullish
📌 Put all of that together, and we have at least 3 reasons to expect upside continuation
________________________________________
🎯 Key Levels:
• Break + daily close above $120K → likely leads to a new ATH and a potential test of $130K
• Invalidation only comes with a break below $114K
________________________________________
Conclusion:
BTC just absorbed a massive $9B sell without blinking.
As long as $114K holds, I'm bullish and expecting continuation.
Next leg could (and I hope it will) be explosive. 🚀
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.