Bitcoin looking very bullish for the coming weeks.
Looking into the daily structure of price we can clearly see that price broke above the previous high of $68,789 set on November 2021.
Currently price is consolidating on the daily time frame in the areas of the previous high from 2021. Looking into market structure we can see price might have taken some early buyers by a massive sweep of liquidity with price rejecting at around 49000 indicating a very strong bullish momentum.
Diving into lower time frames like the 1hr we can see that price is also looking very bullish, breaking some previous highs giving us new highs.
At this point we might want to see price take out some early buyers by sweeping some orders below current price and continue pushing further to the upside and taking out some sell orders resting above current price.
Lets have a profitable one.
Currently price is consolidating on the daily time frame in the areas of the previous high from 2021. Looking into market structure we can see price might have taken some early buyers by a massive sweep of liquidity with price rejecting at around 49000 indicating a very strong bullish momentum.
Diving into lower time frames like the 1hr we can see that price is also looking very bullish, breaking some previous highs giving us new highs.
At this point we might want to see price take out some early buyers by sweeping some orders below current price and continue pushing further to the upside and taking out some sell orders resting above current price.
Lets have a profitable one.
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