Bitcoin Now Fully Emerged With The A-T-H, Crucial Scenarios!

2020年12月18日

Hi,

Welcome to this fundamentally important update-analysis about Bitcoin on its 4-day timeframes perspective. Bitcoin now fully emerged with the all-time-high and closed within the new-high-region which was necessary to show up with because otherwise when Bitcoin pulled back from that level again as it did before several times this would have indicated a new bull-trap and therefore not the finalization of the new-high-region as we have seen it now, the fact that Bitcoin showed up with strong upside volatility validated it now this puts Bitcoin higher in the news and it gets more attraction from retailers as well as smart money coming into the market building a solid ground for further continuations to the upside as these historical price-actions shown up this can mix up to a healthy environment, therefore we are looking at all the important levels and likely perspectives we should consider with Bitcoin.

When looking at the current formational structure and the novel developments, I would also recommend watching the previous analysis to have a full-depth-overview if you did not do it already, this would take important factors and informational input apart. Now as Bitcoin has shown up with all the decisive price-action prospected previously and the market is somewhat overbought we can expect a pullback to emerge sooner or later which will move into the accumulation-zone marked in my chart in orange, this zone was also previously resistance and is now support and we can expect a great bounce within this level when Bitcoin visits it as smart money and also retailers waiting to enter the market, besides that there is waiting for money on the sidelines from people cautious from the early stages within the pandemic and the resulting declines, this fresh money moving into the market is indicating a stable bullish environment.

Overall Bitcoin has established great structures here as it surpassed the possibility for an immediate bull-trap we can expect the continuation to move on when Bitcoin also validates the lower accumulation-zone as suggested. The complete breakout activated the middle-term-upside-target-zone marked in my chart with the blue level, this level is likely to reach in the schedule within the next times when Bitcoin moves on, currently, the likelihood for a bearish reversal and increase of bearishness is not that high it is more to expect that we will see a bigger reversal incoming when the higher levels are reached and the market is more overbought than already within the current situations. Also important here is to note that not every cryptocurrency has shown that strong volatility to the upside while the major Bitcoin show up with these movements this manifests a rising in bitcoin dominance possibly to increase when the bullish pace holds on further.

In this manner, thank you for watching the analysis, have a great day and weekend, all the best!
"Good luck is when opportunity meets preparation."

Information provided is only educational and should not be used to take action in the markets.

2020年12月18日

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