Bitcoin has properly completed the main bull-flag-formation and the major massive cup-

and-handle-formation in the structure. Bitcoin is now holding solidly above the upper-
boundary of the bull-flag and Bitcoin is validating this by staying above the neckline of the
paramount cup-handle-formation that completed greatly with the breakout above the
neckline, if you did not see these analysis already I highly recommend them to watch to
have a full-depth-overview. Now in this structure I discovered important establishments
Bitcoin is now developing on the daily timeframe perspectives with a possible accelerating
breakout to a new all-time-high-condition incoming.

Therefore as when looking at my chart we can watch there that Bitcoin has formed this
major huge ascending-channel-formation with the coherent ABC-wave-count within and the
local bull-flag recently completed. Bitcoin now moved into a bullish-transition-zone where it
is holding above the local bull-flag and preparing to form the further continuation bullish-
breakout when demand increases in the near future this is a likely scenario to be expected.
When Bitcoin then bounces above the upper-boundary of the ascending-channel it will be
the great setup from where Bitcoin merges higher to form the final all-time-high with the
wave-C-extension as shown in my chart.

Bitcoin is also strongly holding above the 55-EMA in black and the 20-EMA in red which are
great supports here, therefore when Bitcoin should pullback these will be the first supports
where Bitcoin will likely bounce and continue the dynamics. Once the breakout above the
upper-boundary has emerged this will activate upside-targets and technically they are in the
80.000 USD area. As we see now it is always pivotally necessary to always keep patient in
the market and wait for the right confirmations rather than over speculating the market as it
is seen too often these times, it is necessary to have a roadmap to hold against smart money
operators and market makers omnipresent in this market.

Update = Analysis Completed Bull-Flag-Formation

Update again = Analysis Major Completed Global Cup-And-Handle-Formation