#Bitcoin #BTC #BTCUSDT
This is what I call beautiful, sublime...
Consider this: The main support at $57,772 was not tested, Bitcoin started recovering right after hitting $60,000. This level is marked on the chart with a blue dashed-line. The long-term 0.786 Fib. retracement, the "unbreakable support."
The higher levels, the highs from April and November 2021, just now are being recovered, right now, today and this very same week.
Notice that this is all happening within a weekly candle. Also consider that it is happening early February. We were expecting February to be shaky at first just to turn hyper bullish later on. This is happening now.
While Bitcoin produced a major crash and the lowest price in more than a year, since October 2024, still, the active session has lower volume compared to February 2025. Showing that the bears ran out of force.
The bulls are already in and they are entering the market with power.
The fact that the bearish move was really strong is now a positive development, because we get a strong bullish wave in reverse. A very strong relief rally.
For Bitcoin, this relief rally can last an entire month. It can last more for the altcoins, the smaller altcoins. The bigger altcoins will continue to move together with Bitcoin. The bigger the project, the stronger the positive correlation.
How far up can Bitcoin go?
Minimum based on TA we get to challenge the last high which sits at $98,000. Other factors make it possible for Bitcoin to go beyond 100K. These are not very strong right now and it is still early so we will leave the description for a different day.
Good morning my fellow Cryptocurrency trader, I hope you are ready for an amazing weekend... The best is yet to come.
Thanks a lot for your continued support.
Namaste.
✅ Trade here on $BTC
