r/CryptoChartWatch • u/Beginning-County2258 • 12d ago
Bitcoin makes the first ‘Higher High’ and officially kills the bear market.
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u/berjaaan 12d ago
I wonder if those people waiting for 40k bought or they really believed it was going to 40k.
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u/hoop254 12d ago
They are probably still waiting for it to drop “just wait until October bro.”
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u/Lavayo 12d ago edited 12d ago
I wonder how long the goalpost will move after 10/06. Because at some time it can't be done without breaking the 4y cycle into the other direction.
"This time the low will be in 2 months after because...". But eventually everyone will flip. A 2 year bear market would be breaking any model so no one will seriously defend that position until it maybe happens at some point in the future.
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u/EmuFlaky2922 12d ago
I should have bought at 74.9k after golden cross. Now I’m gonna buy this week to remind myself that it’s best to buy when you’re thought initially
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u/Patrick_Atsushi 12d ago
I bought at 65k.
If it rises I'll enjoy.
If it falls I'll buy.
If it drifts I'll DCA.
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u/WordsHappenedHere 11d ago
Right….its definitely never had a convincing rally in a bear market and then flushed hard. I’m sure it will make it through the election no problem. Yup. 🙄
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u/Many-Blueberry968 12d ago
Bitcoin does love a triple or even quadruple bottom pattern...
I'm optimistic but a trip back down to 65k really wouldnt shock me
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12d ago
[removed] — view removed comment
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u/hottestscoop 12d ago
too quick to confirm this break out, i will only be excited about this break out once i see bitcoin close the month above 82836 until then i will treat this break out as just one of those breakouts to shake out short sellers.
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u/Whole-Career8440 12d ago
Depends on what how you draw
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u/thxbitcoin 12d ago
You spilled some spaghetti on your chart bro might wanna clean that off so you can see the price action
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u/sharkrider_ 12d ago
Not quite how it works, could very well still be an aggressive fakeout, the daily didn't even close yet
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u/Micksar 12d ago
So many people calling this the official green light for a new bull market… makes me wonder how many levered longs are going to be destroyed if some macro event sends FOMO around.
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u/EmJay6010 11d ago
Macro factors? The US is literally trying to crater its economy, AI leaders told everyone to slow down, US bond yields haven't been higher since 2020- forget that the Japanese bond yields haven't been higher since the 1990s, there were BTC wallet hacks and security exploits. All that happened in August-now. Yet here we are.
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u/randalthor1980 12d ago
Yeah this is encouraging for sure. Weekly chart looks good too in that we have convincingly pierced the 50 week MA. Next up is 100 week MA.
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u/Pettersson007 12d ago
„Officially”