Bitcoin is going to $100,000 —The bottom is in!Bitcoin / TetherUSBINANCE:BTCUSDTMasterAnandaThe first leg down, wave (A), has a total of six bars. The second leg down, wave (C), has a total of six bars. Perfect proportions... The (B) wave has a total of eight bars... Sideways compression before resumption. The current weekly session/candle is quite revealing, right? Notice the very long lower shadow and how everything changes in a flash. February started deep in the red but it is now turning green. Since the start of the last leg down, the (C) wave, Bitcoin closed five consecutive red weeks. The last two weeks the action remained within the previous week low —$60,000. This is what revealed bearish weakness and bullish potential. The current price action is what confirms bullish potential and the start of a bullish cycle. It works in several ways based on candlestick reading: ›› The current candle is a hammer and this points toward a trend reversal. ›› The action is turning green after starting red—double bullish signal. ›› Higher low confirmed. ›› The action went below support, April and November 2021 highs, just to recover. This makes it a failed signal for the bears which makes this double-strong for the bulls. ›› A major Fib. retracement level, 0.786 mid-term, was also pierced and is being recovered this week. Multiple hyper strong support levels were pierced but the action never closed below these. First, the drop towards $60,000 gets immediately bought—all of it. Then the higher-less important levels gets challenged again and again buyers are eager to buy, buying and accumulating. We all know what this means... Bitcoin is set to challenge $100,000 next! The bottom is in! Long-term growth. Thank you for reading. Namaste.