Bullish Week Commencement: Bitcoin kicks off a bullish week, surpassing the $70K mark.
Morning Star Uptrend: A morning star-led uptrend indicates a significant reversal from below $65K.
Intraday Jumps: Recent days saw a 5% jump on Sunday and a 4% hike on Monday, with an additional 1.02% intraday jump.
Trading Volume Surge: A 49% rise in intraday trading volume supports the bullish trend.
Bitcoin Halving Anticipation: With Bitcoin halving approaching on April 19th, bullish sentiments grow.
Current Trading Price: Bitcoin trades at $70,550, showcasing over 10% growth in 72 hours.
Retest of
65K
Zone: The
65K
zone acts as a potential entry spot for a post-retest rally.
Short-Liquidations: Over $100M in short liquidations underline the strength of the rally.
Fibonacci Level Projection: The trend-based Fibonacci level suggests a potential rise to $96K.
Next Target and Consolidation Range: A conservative next target is $75K, with potential consolidation between
73K
and $65K.
Morning Star Uptrend: A morning star-led uptrend indicates a significant reversal from below $65K.
Intraday Jumps: Recent days saw a 5% jump on Sunday and a 4% hike on Monday, with an additional 1.02% intraday jump.
Trading Volume Surge: A 49% rise in intraday trading volume supports the bullish trend.
Bitcoin Halving Anticipation: With Bitcoin halving approaching on April 19th, bullish sentiments grow.
Current Trading Price: Bitcoin trades at $70,550, showcasing over 10% growth in 72 hours.
Retest of
65K
Zone: The
65K
zone acts as a potential entry spot for a post-retest rally. Short-Liquidations: Over $100M in short liquidations underline the strength of the rally.
Fibonacci Level Projection: The trend-based Fibonacci level suggests a potential rise to $96K.
Next Target and Consolidation Range: A conservative next target is $75K, with potential consolidation between
73K
and $65K.