Total Quality
Score
2774.55
2300.0000000000
3000
ETHUSDT
1H
The analysis suggests Bitcoin is breaking out, mirroring a 2024 pattern, and anticipates a significant upward move. The analysis focuses on exceeding a key resistance level, but highlights that the price must maintain its position. A bullish breakout will result to a target of 118000. It further integrates global liquidity analysis showing that Bitcoin follows the PO3 Pattern, the analysis presents US inflation dropping which could indicate future monetary policy that is more bullish. The analysis also presents the cryptocurrency on the verge of breaking out from a head and shoulder pattern. Further the analysis discusses Ethereum and presents a target of 3000, further there are golden crosses and bullish momentum on the weekly MACD, a failure of this setup will result on a price of 2300.
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