Technical analysis by f_moazzam22 about Symbol BTC: Buy recommendation (6/18/2023)

BTC bear market is over? Setting a stage for next Targets of 41K Summary and Technical Outlook: BTC bear market is ended since the MSS happen in weekly TF with an impulsive price breakout, and the price witnessed continuation after impulse correction. Price is in an uptrend after changing the market structure now creating Higher highs and higher lows. Presently market just completed the impulse correction of a more recent impulse move and witnessing a solid rejection from his Daily OB as well. With, this anticipation for BTC is that the BTC will meet the next target at 1 Standard deviation which is resting at 40833. Fundamental Outlook: The Black Rock filing for BTC ETF is very hawkish for the BTC but the market didn't react yet, We can expect the Market total cap of BTC to lift at least by 350Bn - 500Bn in the coming months, Also FED pause opening the door for risk-on assets, China easing toward crypto regulations is also the positive signals. Note: All copyrights are reserved. Contact for permission