#Bitcoin #BTC #BTCUSDT
A second wave of a massive relief rally. Actually, a new bullish move, period. We cannot even say this is a continuation of the relief rally because the last move changed the chart structure. We are looking at the start of a new bullish phase, a new bullish wave or even a completely new bullish cycle. 2-3 months of sustained growth cannot be called a relief rally, not at this point, not after what happened. We ought to call it a bullish move, any type... Depending on how it goes (it is still too early), we will even open ourselves to new all-time highs.
Bitcoin went down today, very early to start the day, after producing the worst weekly close in its history. The chart looked awful and impossible to recover. But then something magical happened.
The April 2025 support that was supposed to break like butter ends up producing a double-bottom, as soon as this level was hit, Bitcoin is turning green again. Let's look at some numbers:
The low 7-April 2025 stands at $74,508. The current low, active now, sits at $74,612, a true double-bottom.
It is still extremely early though because we are looking at the actual 4H candle/session that produced the low—the lowest price in 301 days. But trading volume is really high on the bullish side... There is hope, and a worst possible ever situation can transform into something awesome.
Stay tuned. Make sure to follow.
Thanks a lot for your continued support.
Namaste.
✅ Trade here on $BTC
