The post Crypto Analyst Shares Insights on Ultra Bitcoin Bullish Outlook appeared on BitcoinEthereumNews.com.

The Bitcoin bullish wave continues with support levels identified at $80K, $90K, and $100K for daily and weekly trends. Accumulation remains the primary strategy for whales, signaling long-term optimism for Bitcoin and the broader crypto market. Bitcoin momentum in the crypto market continues to attract traders and investors, with analysts providing insights into the top digital asset’s current position and future possibilities. Popular crypto analyst Alan Santana on TradingView notes from recent market activity that shows resiliency even in the face of small bearish moves or speculative news occurrences. Santana claims that Bitcoin is still strong and presently trading above $100,000, a noteworthy mark in its continuous bullish phase. Focusing on Long-Term Trends Amid Speculative Market Reactions “Let me ask you: Is one day’s red truly a strong correction? Is it indeed that terrible? Alternatively, is this more of a market response to a speculative news event? Santana posed rhetorically. He underlined that traders should concentrate on long-term candle closes instead of transient changes since Bitcoin’s bullish trend is still intact. While $90,000 and $80,000 are main benchmarks on the weekly and monthly timeframes, respectively, the daily important support level is $100,000. Source: Alan Santana on TradingView Santana’s analysis underlined even more how strongly BTC breaking past $80,000 during this price discovery phase was attained without any notable retracements. Given Bitcoin’s present price dynamics, which point to an ultra-bullish future, the past all-time highs and the March 2024 top price now seem moot. “We are hyper-bullish as long as Bitcoin trades above $100,000; that is all we need to know,” Santana said. Bitcoin Market Dominance and Wealth Creation in 2025  Within the larger market setting, Bitcoin’s performance has not only kept its supremacy but also helped to create notable riches. A prior CNF report shows that Bitcoin apparently generated four…

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Filed under: News - @ December 20, 2024 12:27 pm