BTC Bullish?

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Again, My bias played out as expected on Btc. $79k reached 1776932249466.png
Bestmary said:
Initially, my target on BTC was around $73,509, as that level aligned with a clear bearish order block where I expected price to react. However, after several days of continuous retracement and strong price acceptance around that region, the market has shown resilience.


This sustained holding structure suggests that sellers are not in full control, increasing the probability of further upside. As a result, there is now a growing likelihood that BTC could continue its move toward the $79,000 region if momentum is maintained.

View attachment 518158
Click to expand...
 
Initially, I targeted 73.5k due to a bearish open interest. However, the price retracement for a few days remained stable, indicating good buying pressure. Currently, the bias is upward; if the momentum holds, there's a high probability that BTC will test 79k.
 
i’m always going to be bullish long term for BTC, we might get short term dips but overal movement should be going up steady.
 
Bestmary said:
Initially, my target on BTC was around $73,509, as that level aligned with a clear bearish order block where I expected price to react. However, after several days of continuous retracement and strong price acceptance around that region, the market has shown resilience.


This sustained holding structure suggests that sellers are not in full control, increasing the probability of further upside. As a result, there is now a growing likelihood that BTC could continue its move toward the $79,000 region if momentum is maintained.

View attachment 518158
Click to expand...
If Bitcoin continues to hold above $75K, there could be a strong breakout in the near future.
 
Bitcoin is slightly bullish, as the 73.5k level is holding fairly well and showing signs of absorbing selling pressure. However, there's still no clear breakout of the structure, so it's too early to say for sure. If it holds above 73-74k, it could reach 78-79k, but if it falls below 73k, it's likely to reverse downwards.
 
Long term, definitely bullish on BTC. Short term is always hard to predict because it depends on so many macro economic factors, can go from bullish to bearish almost day to day.
 
Bearish short term, bullish long term (2-4 years). Current prices are a decent entry point if you’re going for a DCA-like strategy.
 
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