The upward structure of the price, begun in January, accelerated sharply this week due to a validation of spot Bitcoin ETFs probably at the beginning of 2024. A throwback to the major pivot zone of 31K is expected before continuing the rise.
Commentaire:
There are several technical factors which explain the increase but above all there are four fundamental reasons: the low supply owned by exchanges, the validation of spot ETFs in January, the mining price and the next halving.
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Commentaire:
Google Trends: Explosion in the number of searches for the term “Bitcoin ETF” ...
Commentaire:
I still expect a V-bottom on 31K support in the coming weeks.
Transaction en cours:
Finally, I no longer anticipate a throwback:
Commentaire:
The breakout from 38K to 42K then 48K is very close.
Transaction en cours
Transaction en cours:
![[Bitcoin] next ATH: $82K](https://s3.tradingview.com/8/8K31R1xZ_big.png)
Transaction en cours
Commentaire:
The rise towards 48K is close.
Transaction en cours
Transaction en cours:
Trade fermée: cible de profit atteinte
