Bitcoin Straight Up But Why? $47K Followed by $55K

1 Mar 2022

At this spot it generally hard to figure if a retrace is coming after hitting resistance for BTCUSD or if it will continue straight up...

I say straight up.

Feel free to hit LIKE now and let's get started.

Other than the obvious and strong bullish bias that has developed on the Bitcoin chart, we also have a new tool.
(Thanks to CryptoSoaP who mentioned this chart in the comments section...)

Tether Dominance (USDT.D) has an inverse relation to Bitcoin (BTCUSD).

The USDT.D chart is looking pretty crapy and the signals are clear, it is aiming lower...

As this index aims lower, Bitcoins aims higher.
(My classic bullish signals are also showing on the BTCUSD chart.)

We are going for $47,200 followed by $55,100.

Leave us a comment with your opinion on this one.

Thanks for all the support lately, it is truly appreciated.

Namaste.

P.S. The "Stock Market" (SPX, NDX, DJI) is detaching from Bitcoin (BTC, Crypto) as anticipated...