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Bitcoin Is Finally Back AT $70K

Breakout is confirmed

Author

Alpha 12 Team
October 29, 2024

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Market Overview

Bitcoin is back in the 70s for the first time since June.

This is a delicate position because the $70k-73k range has been an area of MASSIVE resistance for Bitcoin.

There is a big chance we shoot straight up from here and there’s also a chance we consolidate around that range for a few days.

Once Bitcoin clears $74k, no force on Earth will stop it.

Just look at this weekly chart.

You don’t have to be a chartist or TA expert to know this chart looks great.

We mentioned on X that things couldn't be lined up more clearly for the bull run:

  • Liquidity rising

  • Election year

  • Halving year

  • 33 weeks of consolidation

  • Every high-timeframe technical indicators is positive.

We won't get a clearer investment opportunity like this for a very long time.

If you’re still not fully allocated and feeling FOMO, you haven’t missed out on anything yet. We’re still not even at all-time highs.

Just buy everything now and don’t look back. You have our green light.

Today’s newsletter will be short since the theme is: UP only.

But if you’re curious about future outlook or short-term price movements or portfolio updates, we highly encourage you to upgrade your subscription. 

If not for anything, upgrade to Alpha 12 premium to have full, unconstrained access to our proprietary indicator that forecasts market trends 72 hours in advance with up to 92.3% accuracy.

Side Note

If the whole market is going up, then why won’t everyone get rich?

Because people always find a way to mess things up. That’s why there are very few crypto millionaires despite Bitcoin going from 10 CENTS to $73 THOUSAND.

If you don’t want to screw up your gains, become an Alpha 12 Premium subscriber and secure every cent of profit you make. FOR SURE.

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