Bitcoin (BTC): $40,000 or $100,000?BTCUSDT SPOTBYBIT:BTCUSDTMasterAnandaIs ok to doubt? Are we justified in doubting? Where is Bitcoin headed next? Are there any clues on this chart? How to define a bearish or bullish chart setup? How to define a chart's potential? How do I know if the potential of this chart is either bullish or bearish? How are you feeling in this wonderful day? Good afternoon my fellow Cryptocurrency trader, it is such a pleasure for me to write again for you today. Today is a nice day, a New Moon day, and you know what they say; New Moon is a time when your thoughts, wishes and desires can go the furthest on the astral plane, so, my wish is for Bitcoin to go up. We can gauge the potential of a chart based on the trend, the big picture, recent price action as well as resistance and support. If the trend is bearish, the action happening at support and this support gets challenged over and over, we can say that bearish potential is active and a lower low becomes possible. If the trend is neutral, the market moved down but also up; support gets challenged only once but it holds; the action happening at support while prices are slowly rising, we can say bullish potential is active. The previous low happened exactly at $60,000, long-term support though is present at $57,772, a price level that was never challenged. The most recent drop reached a price of $59,130 on a wick, once more, the long-term support at $57,772 remains unchallenged. More than that, the market recovered the next day and the lowest close happened at $60,884 rather than below 60K. Bitcoin currently trades at $64,000 and has been rising daily, steadily and slowly, a signal of strength. The chart setup is a repeat of 6-Feb. Back then, as soon as Bitcoin hit $60,000 buyers showed up, the massive short-covering resulted in an instant price jump. There isn't a short-covering reaction this time but neither a bearish continuation. The whales will start buying again and this will propel a new bullish wave. Think of this, inflation numbers were the worst and yet, Bitcoin was unaffected... This shows you everything you need to know. » $40,000 or $100,000? Bitcoin is going up. Namaste.