Bitcoin

Ready for the breakout above 69,000 US dollars!

Skepticism is growing among many "crypto enthusiasts" because they are not used to this prolonged sideways movement. Usually, the price action is more dynamic, but Bitcoin is increasingly in institutional hands. This means, in my view, that the movements are becoming slower—at least by crypto standards. I still have some liquidity on the sidelines and expect to invest it in the coming weeks.

We are currently seeing a beautiful trend continuation triangle forming around the previous all-time high in this region. A pullback to the primary uptrend at 46,000 US dollars is possible, but the chart is leaning toward a direct breakout, as the Relative Strength Index (RSI) consistently shows positive divergences.