#BITCOIN ⟶ BULL RUN INCOMING??!

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📣Despite the recent decline in Bitcoin's price, "Michael Saylor", a prominent figure in the cryptocurrency market, continues to advocate for holding onto Bitcoin. This comes as some analysts, citing recent US employment data, anticipate a potential interest rate cut by the "Federal Reserve", which could drive up riskier assets like Bitcoin. In this analysis, we will delve into the technical reasons supporting this view👇👇👇

🔥#Bitcoin / ⏱Daily Timeframe
📌#Bitcoin failed to reach above the bearish channel on the weekly timeframe during its previous bull-trend.

🔻Subsequently, it has retested the channel's bottom with the recent decline.

🚀As a result, there is potential for growth based on a double bottom pattern and a triple divergence, targeting the channel's upper boundary.

✅This rally could initiate from the current channel bottom or the support zone of $49,000.00 - $50,096.10.

⚠️If it rallies from the channel bottom and reaches the first target of $57,877.90, a pullback to retest the second support zone is likely before a substantial uptrend resumes‼️

🙅Regardless, a breakout above the first target ($57,877.90), which is a crucial resistance level on the daily timeframe, is essential for the uptrend to continue✅🚀

🎯Subsequent targets include:
🚀Target 2: $66,755.85
🚀🚀Target 3: $74,537.70

❌The stop-loss for the bullish scenario is a breakout below the bearish channel and a daily candle close below $49,000.00 on the weekly timeframe.

🔄In this case, the trend would shift from bullish to bearish, potentially targeting $41,218.20 and then $34,494.20👆👇

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🔥#Bitcoin / ⏱Monthly Timeframe
🔥Potential for a Significant Uptrend🚀🚀

✅On the monthly chart, #Bitcoin is showing signs of forming a flag pattern, which could signal a substantial price increase.

⁉️However, for this bullish scenario to play out, the price needs to break above the flag pattern on the monthly timeframe.

✅If this occurs, #Bitcoin could potentially rally to around $155,000🚀🚀🎯💰

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Đóng lệnh: đạt mục tiêu

Hey everyone✋

😉Did you guys follow my previous #Bitcoin analysis⁉️😅

✅It accurately predicted the bounce from the first support level and even hit our initial target!🎯🚀

💰That's a 7% gain in Bitcoin, just as I expected🎉

🍻Hope you all made some profits

🔥The fact is, our initial target of 57,877.90 for #Bitcoin has been reached, which was the most significant resistance level.

🧐Curious about what happens next?
🧐Will we see continued growth from here, or could there be another dip first⁉️

✅I've prepared a new analysis that outlines a complete roadmap for maximizing profits in this rally🚀💰

😉Ready to dive in⁉️
Make sure to check out the new post!