Some people think that BITCOIN has been in a Bearish Mode since March 14th...yes, it has been a long time correcting, but what I see clearly is a CLEAR downward channel, preceded by a big uptrend impulse.
The break in the line above would only confirm that the formation was clearly a BULL FLAG that would push us towards 100K...why do I think that is exactly what is going to happen?
Because liquidity rules IMO, BTC has been erasing each of the lower lows of the channel, there is even one that erased from the map a FVG formed during the last bullish impulse before March 14th...
So, where is the liquidity then?
Liquidity seems to be evidently being placed in each of the Lower Highs of the channel, each of which has been respected...there is liquidity there, that is where everyone who is going short is positioning their SL and that is where the whales are going to break the bearish sentiment, catapulting us upwards...
and that will be when BITCOIN will appear in the news again...unstoppable.
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I think that is a valid expectation. I also think BTC will go higher but I think we will stick inside the channel until after the elections. I just don't think it will happen before that.
Elections may be crucial, yes
It's just like a long correction. People didn't think prices would come down so much and these three months are going to be very special for the market.
Bitcoin is in bullish mood from last October and now we need some good news to explode upword.
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