BTCUSDT Analysis by @intothecryptoverse

Total Quality
Score
107925
95000.0000000000
114000
BTCUSDT
1H
Pending
Free
Analysis Predict Bull Market
Technical
Bitcoin is at a new cycle high and the analyst suggests to celebrate it. This suggests potential further upside while minimizing the downside risk. The analysis infers a target price of 114000, with a fail bound at 95000. Golden crosses often see a short-term drop before a sustained rally. The analysis then points to 2023 and 2024 consolidation phases in 2024. He mentions a bullish scenario if it holds above 74K, a strong signal for setting new all-time highs, and if the price goes lower than that level a potential pull back for Q3. Also it is said that the market is looking for Q3 weakness. Also is presented 10 year Yield at 4.6%, and S&P 500 chart analysis.
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