The legendary analyst Peter Brandt lists 6 reasons why Bitcoin has become bullish

After a week of notable accidents, bitcoin has seen life again in its price trajectory and has recovered its brand above $ 90,000. The main manual for the return of the bullish impulse <a target="_blank" href="https://bitcoinist.com/trump-us-crypto-strategic-reserve-announcement-thailand/” rel=”nofollow”>It was the announcement of An American cryptographic strategic reserve of President Donald Trump during the weekend, which could be the beginning of an extended demonstration for bitcoin and other cryptocurrencies.

With the Return of the bullish impulseThe veteran financial analyst Peter Brandt listed six reasons why bitcoin has become bullish.

Peter Brandt lists six reasons why bitcoin has become optimistic

bitcoin has seen its value by approximately 9% in the last 24 hours, adding approximately $ 166 billion to its market capitalization. This marks a quick change of the decrease last week, which saw bitcoin decrease to fill a CME<a target="_blank" href="https://bitcoinist.com/bitcoin-crashes-under-80000-is-the-bottom-here-yet/” target=”_blank” rel=”nofollow”> Gap below $ 80,000.

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Recognized for his deep technical experience, Peter Brandt took <a target="_blank" href="https://x.com/PeterLBrandt/status/1896273767023702244″ target=”_blank” rel=”nofollow”>To social networks To describe six reasons why bitcoin has now returned to an upward trajectory. His observations are based on a series of technical developments that have been developed during the past week.

Brandt's first key point is the recent correction of 30% of bitcoin. In particular, bitcoin's recent accident at a fund at $ 78,900 marked a 30% correction from its January 30, January 30, $ 108,786. This level of setback is typical in strong Alcista markets and, often, precedes the next stage. The second reason why bitcoin has turned bullish is Your ability to find support throughout its parabolic advance despite the recent salsa.

Another factor that reinforces bitcoin's upward perspective is the new test of a future CME gap below $ 80,000. Interestingly, this gap had been a key concern even when bitcoin recovered more than $ 100,000 in January, with a technical analysis warning of a fall towards this level. Now that the CME gap has been filled, the next step is the resumption of the bullish impulse.

Brandt also highlighted the appearance of a “foot shot”, which usually indicates the depletion of the sale pressure and a potential reversal. In addition, he referred to the three -day stop rule Factor to indicate that bitcoin is recovering force. Finally, he pointed out a high -volume “vomita”, where sellers have left bitcoin in capitulation. Together, these signs suggest that the last bitcoin rally is not only a temporary rebound, but a confirmation of bullish impulse.

What follows btc as the bullish signals are strengthened?

At the time of writing this article, bitcoin is traded at $ 92,443 and Everything that surrounds its foundations Now points to a continuous movement up in the coming weeks. Interestingly, it could be argued that institutional invactions through Spot bitcoin ETFS <a target="_blank" href="https://bitcoinist.com/bitcoin-etfs-close-the-week-with-95-million-inflow/” target=”_blank” rel=”nofollow”>It has not yet been considered in The price of bitcoin after Trump's announcement of an American cryptographic strategic reserve.

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The announcement came during the weekend when traditional markets closed, which means that the bullish impulse was largely driven by retail merchants. With this, bitcoin is likely to exceed the $ 100,000 brand again before the end of the week as institutional tickets are recovered.

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