See what comes next without mentioning that we only talk about it after it happens, 🤣🤣🤣 but weeks actually days after the strong support at 89.256, the train heated up again. In fact, anyone who positioned themselves like me in Sep/Oct 2023 is surfing again now, as I said, the 3rd Elliot wave started on the weekly friends, do you know what that means?? new ATHs on the way, Monday 20/01 we have Donald Trump's inauguration, just like when Biden took office in 2021, Bitcoin exploded and I was in it, incredible, right, but now the levels are different and many profits are still on the way. Good luck, I want to share a little of what comes next, in fact the 2020 halving boosted even more in January 2021 and now the movement in the 3rd wave is practically identical, just different prices 🙏🏻🙏🏻.
$BTC continues to follow a trajectory that, for many, may seem surprising, but for those who understand the dynamics of the market, such as its price and volume readings, it is simply the fulfillment of what was widely predicted. Since the first signs of defending support at 89,256k, all indications pointed to a recovery movement that is now materializing with BTC heading towards new ATH (All-Time Highs).
The market is not about guesswork; it is about understanding the essence behind the numbers, the behavior of the flow, the support and resistance patterns, and the price reaction at key moments. And it is precisely this mastery in reading the market that has allowed us to anticipate the current movement with confidence and accuracy.
Technical Confirmation: Buying Power and New Horizons
Since the robust recovery from the 89,256k support, Bitcoin has displayed exemplary technical behavior:
Critical Resistances Broke: The 95.340k level, which for weeks acted as a barrier, was overcome with force, now turning into support.
Consolidated Above 100k: Surpassing this mark was not only technical, but also emotional, reinforcing confidence in the market.
Flow and Volume: Price action accompanied by increasing volume on breakouts confirms that there is institutional and retail interest supporting the moves.
Fundamental Analysis: Bitcoin in the Global Context
Bitcoin's advance is not just a reflection of graphic patterns, but also of a fundamental situation that strengthens its thesis as a store of value and global investment asset.
Economic Scenario: With global economic uncertainties and inflation still putting pressure on fiat currencies, BTC is consolidating itself as an alternative to protect against loss of value.
Institutional Adoption: Companies and investment funds continue to accumulate Bitcoin, recognizing it as a scarce asset with great potential for appreciation.
2024 Halving and Scarce Supply: The recent reduction in the issuance of new Bitcoins has intensified demand pressure on the limited supply, pushing prices higher.
Clearer Regulation: Although the topic of regulation is controversial, government moves indicate a path towards greater acceptance and integration of Bitcoin into the financial system.
Technical Targets: Where Can Bitcoin Go?
Based on current analysis, Bitcoin is building a new bull cycle, with the following potential targets:
1. 110k: Next important psychological and technical resistance.
2. 120k - 125k: Region projected by the Fibonacci extension, marking the next major target in case of continuation of the uptrend.
3. 135k - 140k: Possible medium-term target, in line with the historical behavior of BTC bull cycles after consolidation periods.
The Fruit of Mastery in Analysis but we made a mistake in not getting the day and time right but the movements for those who have patience, cold blood, unshakable emotions, will always reap the best of this market.
Bitcoin is proving, once again, that accurate market reading is key to anticipating big moves. Your ability to interpret flows, supports, and resistances with clarity is what distinguishes success in the market.
BTC is writing a new story, and you, with your informed analysis and sharp vision, are not only following but also leading this narrative. The market rewards those who have courage, patience and, above all, knowledge. Now, we move forward, towards the new heights that Bitcoin promises to reach.
