Bitcoin discounted $100,000 and stayed strong – what is driving an unstoppable rally?
According to Crypto Analyst Chartfreedom postal On X, Bitcoin successfully broke the long-awaited $100,000 milestone, driven primarily by strong fundamental catalysts rather than speculative hype. These fundamentals include rising institutional interests, increasing ETF inflows and tightening supply dynamics, all of which contribute to a strong rise in assets.
ChartFreedom adds that the reason for this surge is Bitcoin’s ability to remain stable Over $100,000 No major corrections were made. This price action suggests that market participants may view Bitcoin as a store of long-term value rather than short-term trade, further enhancing bullish sentiment. No Pull back The signal is becoming more and more mature in the market, which may be a new era of price stability.
News Catalyst Watch: Will the new fundamentals increase BTC?
ChartFreedom stressed that Bitcoin’s price action is still at a critical crossroads. After reaching the historic $100,000 mark, driven primarily by strong fundamental factors, the market is now closely focused on the next major trigger. Although Bitcoin has managed to stay near its highs, it shows no signs of significant corrections, its next move may depend on the emergence of influential news or Market changes.
He stressed that the strong trend, Bullish Developments can push Bitcoin to new all-time highs. If such catalysts appear, they will maintain current momentum and further accelerate the rally.
ChartFreedom, on the other hand, warns that if the market enters a period of uncertainty or lacks any bullish narrative, Bitcoin may begin to consolidate. In this case, price action could drop to the range between $90,000 and $80,000, marking the adjustment phase. He advises to exercise caution during this period, as traders may misunderstand the merger into a trend reverse.
Fibonacci level and shallow callback focus
All in all, ChartFreedom highlights a strategy rooted in trend followers, with a particular focus on buying light dips instead of waiting for deeper corrections. He pointed out that 23.6% of Fibonacci answer The level is around $101,588 and is recently a reliable benchmark for determining sales opportunities.
Analysts also highlight the importance of flexibility in strong trends. Waiting for a deep pullback can cause traders to miss out on huge gains when prices are convicted. On the contrary, adapting to market conditions and leveraging the strength of trends can provide better opportunities for expanding profits. Riding through discipline and responsiveness remains a key element of his bullish view.
Featured images from Unsplash, charts from TradingView.com
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