Bitcoin at $25k is closer than we think

In my opinion, based on what I have seen on the chart there is nothing that can stop Bitcoin from hitting $25k within the late hours of today and early or late hours of tomorrow, looking at the current Bitcoin chart you will notice that it has closed above the second Orber Block (OB) that was causing or posing as a stumbling block preventing the price of Bitcoin from hitting $25k, but now that it has been broken $25k is within reach like it is closer then we know and I would not be shocked to wake up to see that Bitcoin has $25k and it is either it gets rejected depending on the momentum and candles it used to get to the $25k region or it will breakthrough or run it depending on momentum and the candles formed around the $25k region.

After 8 days of rejection and indecision candles with no clear confirmation candle formed until now that a beautiful Haramis candle formed confirming that the market is still bullish and the next pump will take us to$25, also Bitcoin has continued to hold the $23K level for the last 8 days, even if a lot of us thought it was not going to break through the Orber Block due to 8 days of rejection and indecision candles formed in the crypto market. This may translate to more pumps, not corrections because of the big daily Haramis candle formed.

Honestly, Bitcoin has been impressive in the past few weeks with those nice pumps here and there, Bitcoin has performed well this January unlike the ending months of last year moving from $16k to $22k to above hold $23k now and it is still holding strong. Bitcoin momentum is still strong and if it continues to pump like this we might see a bull run in no distant time. Meanwhile, some people are calling and expecting Bitcoin to dump. Time will tell what happens next but $25k is confirmed just a little time now.

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4 comments
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The rebound looks unsustainable.

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