#BTC Bitcoin is successfully retesting both the 21-week Bu | Eternel insatisfait on Binance Square

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Eternel insatisfait

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#BTC 
Bitcoin is successfully retesting both the 21-week Bull Market EMA (green) & multi-month Downtrend (light blue) as support
$BTC is positioning itself for a bullish Weekly Close which should be enough to enable a move to the Channel Top over time
#Crypto #Bitcoin 

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$ALTS Altcoin Market Cap has rejected from this historical point of rejection But keep in mind - this is likely going to be a much shallower retrace to demonstrate that $425bn is weakening as a resistance #BTC #Crypto #Bitcoin

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#Bitcoin $270,000 Target This Cycle? 🚀 An ambitious scenario for #BTC's cycle peak, inspired by Elliott Wave Theory, suggests $270K could be within reach. I’m skeptical it’ll happen this cycle, what’s your take?

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#BTC Bitcoin hasn't Daily Close above $100k yet But it continues to successfully retest the final major Daily resistance as new support (red) Continued stability at red should enable a Daily Close above $100k sooner rather than later $BTC #Crypto #Bitcoin

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#BTC There it is, right there The retest of the final major Daily resistance (red) Retest is now in progress $BTC #Crypto #Bitcoin

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I think comparing this bullrun to 2021 is a mistake & we should be looking closer to 2013 & 2017. I believe the 2021 run had the wind knocked out of its sails by COVID, an overly aggressive SEC & many other factors. This time around we should have an SEC & government that is Bitcoin/Crypto friendly. We have counties, states, & institutions rushing in to create Bitcoin reserves. If you remember 2017 everything was flooding into Bitcoin then ETH as an entry to the ICO market, which later caused the crypto winter. This time #Bitcoin is the target for most of these major players. Yes, there will still be an awesome Altseason. I just think those calling $150k - $250k might be a little low on their $BTC ATH estimates this time around. Like with all bullruns outside influences play a big role, but if the US government becomes more friendly, they ease up on regulations and the world follows (as indicated), we could see a run closer to 2017, which would spill over into the rest of the market. That fact is, we've hit adoption. Major counties are now recognizing Bitcoin. The Fed recognized it as Gold 2.0 and we're not even in 2025 yet. I believe we have a lot of room to move up in 2025. Probably not to $1M, but I think $500K is entirely possible. NFA

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