2024-03-17 22:35:08
#Bitcoin - What's Next?
The big Sunday report, all you need to know:
TA/LCA/Psychological Analysis: In last week's Sunday report, we discussed an anticipated sideways movement in the larger timeframe between 64k and 77k. As observed, Bitcoin is perfectly moving in this sideways region as mentioned. Some people fail to catch the bigger picture, not realizing that a price fluctuation within a 20% range is quite normal for movements in large market caps, and even beneficial, as BTC is gearing up for its next massive leg up, a leg up that will bring us above 80k and reaching 100k in high speed. In trading terms, we refer to this bullish sideways movement as an accumulation region – a phase where profit-taking money, incoming investment, and undecided money converge, resulting in a consolidation in the mid-term timeframe. As I've mentioned before, this sideways movement is bullish, and we're poised for a significant upward move.
Despite the recent INCREASE in bearish scenarios all over Twitter or YouTube, driven by retail panic sellers, many seem to forget that we haven't even entered the super cycle yet. The excitement so far has been driven by the pre-bull, second pre-bull, and golden bull phases, but not the super cycle. I detailed the ranges of BTC's bull phases in last Sunday's report with precision. During this sideways phase – and while some may debate whether the current movement is sideways – we anticipate ETH, BNB, and other major coins will soon reach new all time highs. As example in last Sunday report I mentioned that BNB, ETH and SOL will reach a new ATH, since then BNB pumped 35%, SOL went up by 40%, all in one week only. ETH followed BTC and is correcting a bit stronger, but no matter what, ETH is also heading to a new ATH. A huge push for altcoins requires a stable or pumping Bitcoin price and a decrease in Bitcoin's market dominance, last is currently happening. It's fascinating how my prediction of falling BTC dominance last week has played out
@CryptoRROFFICAIL
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