Bitcoin explosion: MM Crypto sees a bullish scenario with new course goals

The dynamic at Bitcoin picks up speed again. In a new video, MM Crypto reports back with an optimistic view and refers to strong price movements, which in his view are far from being completed. Particularly striking: the analyst speaks of a bullish week and refers to its recent predictions, which have arrived almost precisely.

$ 97,000-and no end?

Bitcoin currently lists at around $ 97,000-a level that, according to MM Crypto, corresponds exactly to the so-called “Golden Pocket” based on the Fibonacci extension. This price level was mentioned as a target zone weeks ago. Now it turns out: Here the market encounters resistance. The confirmation is still missing from a clear outbreak of this daily level with volume support.

According to MM Crypto, the market is still strong at short notice. The 4-hour candles form higher highs and higher lows-a sign of an established upward trend. Even if the clear break is still pending on the daily basis, much speaks for a continuation of the current trend.

In the larger picture, the parabolic upward structure remains at Bitcoin. As long as this trend is not violated, the Bullisches mood remains. Particularly exciting: If the jump over the $ 97,000 sustainably sustainably sustains, MM Crypto sees the next important price target at around $ 202,000-the 78.6 fibonacci extension level.

Photo: Clickout Media

In his view of MMCrypto, the increase continues, source: https://www.youtube.com/

According to him, this brand could be an important milestone on the way to a new all -time high. He reminds that his long-term trade is already profit over $ 10 million. In the short term, however, he wants to realize profits soon – at least partially to reduce risks.

Perfect timing and trust in the trend

MM Crypto emphasizes that his entrances have been amazingly well-timed in the past few weeks-among other things at $ 82,000 before his trip to Russia. Since the break in a downward trend resistance, things have been going up clearly. Even if not every trade was successful in the past, he is currently confident in his strategy.

Despite all the euphoria, he warns for caution. The market must now show that it can defend the current level. If this does not succeed, reset could follow – but so far a lot looks like a stable upward structure.

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Here Btcbull secure in advance

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