#BITCOIN BREAKS OUT⟶SUSTAINED GROWTH AND NEW ALL-TIME HIGHS?!
🌟My analysis is that the future of #Bitcoin looks very exciting. Several big analysts and experts are working on this issue, and each of them says something different. Some, like Peter Brandt, think #Bitcoin might go down a little more, but others like Axel Adler are hopeful that its price will go up a lot.
🌟On the other hand, big companies like MicroStrategy are buying #Bitcoin. This means that experienced and wealthy people think Bitcoin has a good future. The way Erik Voorhees and Max Keiser see it, Bitcoin can be a good alternative to the dollar and its value can increase significantly.
🌟But there are also some things to pay attention to. For example, the Relative Strength Index of #Bitcoin shows that its price may rise very quickly and then fall suddenly. This means that the #Bitcoin market is still very volatile and we need to be careful.
👀Let's take a look at the chart and see what it tells us👇👇
💎Daily #Bitcoin Analysis
🤯Yesterday's surge (September 13th) propelled #Bitcoin above its most significant resistance level at 57,877.90. This breakthrough significantly enhances the likelihood of further bullish momentum🚀🚀🚀
🎯✅Having breached this resistance, #Bitcoin is poised to extend its rally within its expanded structure, targeting:
🚀Target 1: 62,577.59-63,002.85
🚀🚀Target 2: 66,755.85
🚀🚀🚀Target 3: 74,537.70
👉Please note that these targets are precise, not approximate
❌Stop-Loss for the Bullish Scenario and Potential Temporary Dip:
🔴If the 57,877.90 support level is breached on the daily timeframe before reaching the subsequent bull-targets, #Bitcoin may enter a temporary bearish phase, potentially retesting the following support levels:
🔻51,676.75-52,489.40
🔻🔻48,483.55-50,096.10
💎🚀These support levels are sufficiently robust to potentially reinitiate an bull-trend.
❌❌However, if a weekly candle closes below 49,000 due to a bearish move, #Bitcoin could enter a deeper and more prolonged bearish phase. In such a scenario, a long-term analysis update will be provided🔄
..................................
💎#Bitcoin Analysis: ⏱1-Hour Timeframe
📈📉To encapsulate #Bitcoin's recent bullish momentum within a structured framework, we can overlay both a smaller and a larger bullish channel (refer to the attached chart).
🚀These channels serve as guiding lines for the bull-trend, providing a solid foundation for crafting growth scenarios👇
✅✅Strong Growth Scenario: As long as #Bitcoin remains confined within the smaller (more recent) bullish channel, there is a high probability of continued bullish movement with strong momentum.
🚀The support levels within this channel act as potential launchpads for renewed growth toward our primary price targets. These support levels include: the mid-line of this channel, the mid-line of the larger bullish channel, the daily support level at 59585.21, and the channel's lower boundary!!
✅Moderate Growth Scenario: A breakout below the smaller channel could lead to a retest of the larger channel's low. This low, which aligns with the static support range of 57877.90-58545.41, represents a second and final opportunity to halt the decline and initiate a new upward leg toward our price targets!!
🔻Bearish Scenario: A breakout below the larger channel on the 4-hour timeframe, coupled with the activation of our daily stop-loss, would signal a temporary bearish phase.
⚠️Please note that this analysis represents my personal opinion and should not be solely relied upon for decision-making🙏❤️
🌟On the other hand, big companies like MicroStrategy are buying #Bitcoin. This means that experienced and wealthy people think Bitcoin has a good future. The way Erik Voorhees and Max Keiser see it, Bitcoin can be a good alternative to the dollar and its value can increase significantly.
🌟But there are also some things to pay attention to. For example, the Relative Strength Index of #Bitcoin shows that its price may rise very quickly and then fall suddenly. This means that the #Bitcoin market is still very volatile and we need to be careful.
👀Let's take a look at the chart and see what it tells us👇👇
💎Daily #Bitcoin Analysis
🤯Yesterday's surge (September 13th) propelled #Bitcoin above its most significant resistance level at 57,877.90. This breakthrough significantly enhances the likelihood of further bullish momentum🚀🚀🚀
🎯✅Having breached this resistance, #Bitcoin is poised to extend its rally within its expanded structure, targeting:
🚀Target 1: 62,577.59-63,002.85
🚀🚀Target 2: 66,755.85
🚀🚀🚀Target 3: 74,537.70
👉Please note that these targets are precise, not approximate
❌Stop-Loss for the Bullish Scenario and Potential Temporary Dip:
🔴If the 57,877.90 support level is breached on the daily timeframe before reaching the subsequent bull-targets, #Bitcoin may enter a temporary bearish phase, potentially retesting the following support levels:
🔻51,676.75-52,489.40
🔻🔻48,483.55-50,096.10
💎🚀These support levels are sufficiently robust to potentially reinitiate an bull-trend.
❌❌However, if a weekly candle closes below 49,000 due to a bearish move, #Bitcoin could enter a deeper and more prolonged bearish phase. In such a scenario, a long-term analysis update will be provided🔄
..................................
💎#Bitcoin Analysis: ⏱1-Hour Timeframe
📈📉To encapsulate #Bitcoin's recent bullish momentum within a structured framework, we can overlay both a smaller and a larger bullish channel (refer to the attached chart).
🚀These channels serve as guiding lines for the bull-trend, providing a solid foundation for crafting growth scenarios👇
✅✅Strong Growth Scenario: As long as #Bitcoin remains confined within the smaller (more recent) bullish channel, there is a high probability of continued bullish movement with strong momentum.
🚀The support levels within this channel act as potential launchpads for renewed growth toward our primary price targets. These support levels include: the mid-line of this channel, the mid-line of the larger bullish channel, the daily support level at 59585.21, and the channel's lower boundary!!
✅Moderate Growth Scenario: A breakout below the smaller channel could lead to a retest of the larger channel's low. This low, which aligns with the static support range of 57877.90-58545.41, represents a second and final opportunity to halt the decline and initiate a new upward leg toward our price targets!!
🔻Bearish Scenario: A breakout below the larger channel on the 4-hour timeframe, coupled with the activation of our daily stop-loss, would signal a temporary bearish phase.
⚠️Please note that this analysis represents my personal opinion and should not be solely relied upon for decision-making🙏❤️
Catatan
💎#Bitcoin Analysis Summary
⏱Timeframe: 15 minutes
✅Short-term outlook (today and tomorrow): #Bitcoin has the potential for growth based on the butterfly harmonic pattern🚀
✅Given the intersection with a dense support zone (15-minute timeframe pivot and 4-hour timeframe ascending channel midline from the primary analysis), there is a chance of forming a bottom in this area and initiating the final wave (wave D) of the harmonic pattern📈📉
⁉️Condition for growth: A breakout of the descending channel from the recent decline on a 5-minute timeframe is required (marked in the chart)🤌
🎯In this case, Bitcoin could potentially reach short-term targets of 60601.90 and subsequently 61212.2 (the second target aligns with the harmonic pattern target zone).
⚠️It's important to note that according to the harmonic pattern, the current decline could extend to 59503.00, and as long as it remains within the yellow zone and doesn't break below it, the growth potential based on the harmonic pattern remains.
✅🔻If it breaks below the yellow zone, a temporary decline before forming a bottom could occur until the support zone of 58791.58-58936.40, which has the ability to halt the decline and initiate growth again (as per yesterday's primary analysis).
💰The area marked with a rectangular box in the image forms a double bottom pattern, albeit on a 1-minute timeframe, which could be a riskier entry point for a buy trade.
Catatan
🔔Analysts believe that #Bitcoin may see an upward rally in the next three months after several months of price decline. Historical chart patterns after halving suggest that the price of #Bitcoin could reach above $92,000. Given the existing supports and Bitcoin's historical performance in the months after September, the likelihood of this rally has increased. Some analysts believe this is the last chance to buy Bitcoin at a low price before a major upward move
🔔Robert Kiyosaki, author of 'Rich Dad Poor Dad', believes that the price of #Bitcoin will soon 'explode'. He also emphasizes the increasing price of precious metals (gold and silver) in the future. According to him, with the change in US Federal Reserve policy (possibly a decrease in interest rates), both assets (gold and Bitcoin) will increase significantly. He has predicted that the price of Bitcoin could reach $300,000 by the end of this year.
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