Bitcoin Kurs in EUR und BTC-EUR Kursverlaufsdiagramm

An Inverted Head and Shoulders pattern on the weekly chart of Bitcoin is forming, indicating a potential bullish reversal. The pattern suggests a target price of 38-39K zone, with a condition that the pattern would be invalidated if the price falls below the right shoulder. $BTC

Good morning,

$BTC closed the week with a red doji candle. This is bearish, so I expect a pullback at least to 24-25k area o maybe lower. I'm prepared for this because I still have 27% in cash to buy the dip.

Enjoy to my strategy here:

https://www.iconomi.com/asset/cryptoallien?refCode=G9z82

Good luck!

Performance update:

Monthly performance: Top 10

$BTC exposure: High, untill macro conditions become stabilised. BTC.D is breaking to the upside.

2/3

Meanwhile, we got some positive crypto-related news from Germany. Deutsche WertpapierService Bank AG (dwpbank), a German securities processing giant that manages over 5.3 million securities accounts, has announced the launch of its new platform, wpNex, that enables over 1,200 affiliated banks to offer Bitcoin (BTC) trading to its retail customers✅

While it may take months for the banks to integrate this, it is an extremely bullish news🚀 $BTC

https://finbold.com/over-1200-german-banks-can-now-offer-bitcoin-trading-to-their-retail-customers/

After $BTC reached its highest price since June 2022 and exceeded the $28,000 level, it is expected that the price range of 29,000-30,000 to form an extreme resistance, and for the price to correct from this range several times before succeeding in breaking through it. This is due to the observation UTXO index for the 2-3 year age range (long-term investors) where the realized price for this category is $29,700, UTXO stands for Unspent Transaction Output and it refers to the amount of bitcoin that is left over after a transaction has taken place. The UTXO ratio for the 2-3 year age range constitutes 12.64% of the total UTXOs, therefore, it is expected that there will be a large sell-off of Bitcoin holdings in this range. It is also, compared to the realized price for the 6-12 month index, which is $28200. Historically, every time there was a crossover between these two indexes, a price correction occurred.