In the last few days, the Krypto market has carefully observed a particularly reliable technical model. With a historical 78 %accuracy, this model could well announce the immediate arrival of the new bitcoin summit. Is the market ready to exceed its previous records?
In short
- For bitcoin daily graphics, a Hussier swallowing model with a success rate of 78 % since 2021 was created.
- Bitcoin has absorbed more than $ 544 billion since November 2022, and its capitalization was made at $ 944 billion.
- The current conditions of liquidity are reminiscent of the conditions of December 2022, just before Mussier Major Rally.
- Maintaining above $ 105,000 in two consecutive days signals a potential change in the market structure.
Historically Winning Technical Configuration for Bitcoins
Data analysis since January 2021 reveals impressive statistics. Of the 19 engaging Bull Courses meeting the criteria of strict technical analysis, 15 led to new local summits. This 78 % performance will place this model among the most reliable signals on the market crypto.
The validation criteria remain strict. Encompaspation candle must absorb at least the previous two candles. The model must appear at the end of the corrective phase, indicating the conversion of the trend. Finally, the clear structure in the following sessions confirms the dynamics up.
The recent geopolitical context, including the ceasefire between Israel and Iran, also contributed to the creation of this model. Bitcoins, which dropped below $ 100,000 during tension, quickly bounced around $ 108,000 after the attraction confirmation.
This technical configuration is perfectly part of the current Haussier Market environment. Unlike four unsuccessful attempts observed during the lower market 2022, current conditions offer statistically favorable soil to continue the growth.
“Undeniably upper” conditions of liquidity
The basic structure of the bitcoins market has significant similarities to the structure of the end of 2022. According to Swissblock’s data, it found the level of liquidity of their level in December 2022, which was a period that preceded the price of only three months.
Massive absorption of capital is the most remarkable element of this cycle. From the cavity of November 2022 for $ 16,800, bitcoins attracted more than $ 544 billion in net posts. This colossal injection brought market capitalization carried out at a record level of $ 944 billion.
This development shows the growing maturity of bitcoins as a macroeconomic actor. Institutional flows, especially via SPOT ETF, continue to support this dynamics.
June 24, American Bitcoin ETF has seen $ 588.5 million in items, which illustrates the lasting appetite for institutional investors.
The current macroeconomic environment strengthens this trend. Jerome Powell recently mentioned the possibility of dropping rates “before expected” if inflation remains mild. This prospect of softening cash softening could support the alternation of capital towards growth assets such as bitcoins.
Conversion of load factors
The expiration of $ 20 billion in Bitcoin’s 27th Bitcoin options adds an immediate strategic dimension. With 11.2 billion possibilities of purchase for $ 8.8 billion, buyers have a theoretical advantage of $ 2.1 billion if BTC is maintained over $ 106,000.
This technical configuration is based on solid foundations. Institutional acceptance continues with companies such as strategies and metaplanets that strengthen their reserves on bitcoins.
The matching of technical and basic factors attracts a promising horizon for bitcoins. With the proven predictive model and favorable liquidity conditions, the Queen of the cryptus seems to be placed to exceed the new thresholds before a possible repeated $ 100,000.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
(Tagstotranslate) Bitcoins