💰 Another attempt to close the weekly candle above the previous ATH of $64,900 has failed, marking the fourth failed attempt.

If we successfully close a weekly candle above the ATH consider approx $70,000, we can expect a 20% increase in price. Otherwise 20% dump.

Historically, Buying after a Successful breakout above the previous ATH has led to big price increase.

💰 Days it took #Bitcoin to double after previous breaks of all-time highs:

March 2013: 18 days
Nov 2013: 10 days
March 2017: 84 days
Dec 2020: 18 days

@News_Crypto

💰 Bull Market Max and Average Correction :

2010-11: -51.28% | -18.41%
2012-14: -70.28% | -21.71%
2015-18: -32.93% | -10.93%
2018-21: -60.24% | -19.39%

2023: -19.11% | -5.47%.

In the current Bitcoin bull cycle, the market has witnessed relatively minor corrections, attributing to ETF buying pressure and hype so far.

💰 After the weekly candlestick closes above the previous ATH, we observed parabolic price action.

Currently, the weekly candlestick is trading above the previous ATH, but it hasn't closed yet.

If it closes above the previous ATH => Parabolic Move 📈
(Historically, this has been a good buy)

However, if it closes below the previous ATH => Major Correction 📉

💰 Bitcoin has flipped silver. To overtake the rest, #Bitcoin  needs to hit the following targets to overtake :

- Alphabet (Google) : $88,842.
- Amazon: $95,842.
- Saudi Aramco: $108,000.
- NVIDIA: $115,158.
- Apple: $138,737.
- Microsoft: $158,842.
- $Gold: $772,474.

⚡️ With less than an 20 mins to go, #Ethereum 💰 Dencun upgrade is set to enhance user experience and reduce transaction fees for the network’s L2 blockchains through EIP-4844.

💰 The Dencun upgrade has been successfully activated on the #Ethereum network.

🚨🚨🚨 I Don't Think Bitcoin💰 Will Go Back Below $55K-$50K: Mike Novogratz

Mike Novogratz believes a major #Bitcoin correction should be expected but it will not take BTC far down.

@News_Crypto | link

🥇 Bitcoin has printed a bearish pattern a rising wedge on the 4-hour chart.

If it plays out then price could drop to between $69,000 and $66,000.

Main target 200 EMA on 4hr Chart.

💰 Bitcoin has reached our target of $69k and $66k from $73k.

Now there will be a small bounce from $65k to $66k (100EMA) before it drops to the 200 EMA on the 4-hour chart, which is at $60k.

💰 If ETF holders begin selling their ETFs, it could create significant selling pressure on #Bitcoin.

It's important to observe how they respond to this correction, whether by selling or by purchasing more.

💰 Bitcoin's next possible move: tapping into liquidity between $69.5k and $70k before a drop.

Holding short from $72.8k

💰 Bitcoin still can hit this liquidity pool before the drop 📉

We are already holding a short position from $72.8k.

If Bitcoin reaches $69.5k- $70k level, we will short again.