BTC - Daily: Second Bullish Leg
The red box on the chart represents a significant pullback and a period of consolidation for the price. This suggests that Bitcoin is now poised to ascend towards the target of the second leg. Both this pullback and the initial leg are clearly visible on the weekly chart, as depicted in the attached photo.
In my opinion, the BTC price has the potential to rise to 50K through the second bullish leg. However, this upward movement may unfold in multiple phases. At the current juncture, I anticipate a minor pullback to the 32K zone.
These movements can create a significant opportunity on other charts, allowing us to potentially gain a considerable amount of profit from these market dynamics.
In my opinion, the BTC price has the potential to rise to 50K through the second bullish leg. However, this upward movement may unfold in multiple phases. At the current juncture, I anticipate a minor pullback to the 32K zone.
These movements can create a significant opportunity on other charts, allowing us to potentially gain a considerable amount of profit from these market dynamics.
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