After several months of trending lower, Bitcoin ($BTC) found a bottom near the 33,000 level on January 24.
Two days later, we published a big picture” Bitcoin analysis video sharing our insight of where $BTC may be headed next.
In that video, we suggested that Bitcoin may be finding a bottom and was poised for a bounce to resistance in the 39,500 to 44,000 area.
As anticipated, $BTC broke out with a high volume rally back above the 40,000 level on February 4.
Bitcoin continued trending steadily higher and hit resistance of our bounce target at the 44,000 level just three days later.
With such a steady rally that led to a +33% gain off the lows with $BTC, many traders who were planning to buy Bitcoin near the lows may have been left on the sidelines.
If that happened to you, don’t chase!
Instead, just check out our new video below to discover ideal, lower-risk levels to consider buying $BTC on a pullback (which may be happening right now).
TIP: Press the full-screen icon on bottom right of the player window for the best viewing experience:
If you enjoyed the video, please help spread the word by Liking and dropping us a Comment.
Of course, remember to also Subscribe to the Morpheus YouTube channel to be notified of future videos.
Sign up now for the Morpheus Crypto package to receive signals with our exact entry, stop, and target prices for our top, winning crypto trade picks.
Last week, members scored a +21% gain in $MANA, +12% gain in $NEAR, and a +10% gain in $NTVRK…in addition to several winners we are still holding.
Choose the Morpheus Crypto PRO option to become a member of our powerful, educational Crypto Trader chat room.
Unlock the secrets to identifying market bottoms and harness the power of opportunity amidst market turbulence. Dive into our comprehensive…
Are you ready to seize the golden opportunity in trading? In our last analysis, we forecasted a monumental breakout in…
Embark on a journey to master the art of crypto swing trading with Deron Wagner, founder of Morpheus Trading Group.…
In the fast-paced world of trading, navigating through the noise of social media can be daunting. But fear not, for…
Feeling a bit shaken up by Bitcoin's recent turbulence? Don't worry, we've got you covered! Dive into this comprehensive guide…
Ever left mountains of potential profits on the table by exiting your winning trades too soon? Kicking yourself for missing…