🚨Bitcoin!!!!!! Undeniable Proof Flashing On One Megachart Confirmed

In the world of cryptocurrency, there's always something new and exciting happening. And right now, Bitcoin is flashing some truly incredible signs on longer-term charts that have the potential to activate the baby bull deep inside your bones like never before.

But before we dive into the details, let's address the elephant in the room: Senator Elizabeth Warren's aggressive crypto regulation bill. As we all know, Elizabeth Warbucks herself, who is paid by the bankers to FUD crypto, wants to make it illegal to have wallets and essentially destroy the crypto industry. However, the bill's progress has been delayed due to a lack of sponsors. And let's be honest, in the grand scheme of things, no one will remember or care about Elizabeth's attempt to crush crypto five to ten years down the road. So, for now, let's focus on the excitement in the Bitcoin market.

Bitcoin's Recent Consolidation and Long-Term Charts

Over the past month, Bitcoin has been trading in a tight consolidation range between $27,000 and $29,000, with a brief spike to $30,000. This pattern reminds us of a similar range we saw back in early February. While a pullback to around $23,000 is possible, the longer-term charts reveal truly intriguing developments.

If we look at Bitcoin's 10-day chart, we can identify an RSI cross at the end of December 2022. Historically, when the RSI was near the 30 line, it marked a great time to buy, just like in the bear market of 2019. After that bullish cross, Bitcoin went up by over 200%, with some claiming gains of nearly 350%. While we shouldn't expect such a massive pump this time, the bullish momentum is undeniable.

Moreover, on the 10-day chart, we can also observe a bullish cross between the 50 and 21 moving averages. This crossover has only occurred a few times in the past couple of years, leading to significant price movements. In contrast, the bearish cross, where the 21 MA goes below the 50 MA, has only happened twice in recent years, resulting in considerable price drops. These patterns indicate the potential for a strong rally in the near future.

The Monthly Chart and Bitcoin's Bull Runs

If we shift our attention to the monthly chart, we find even more compelling evidence. When the RSI crossed bullishly in 2015, it marked the beginning of a massive bull run that lasted until the end of 2017. The next bullish cross occurred in 2019, which also marked the beginning of another bull market. Despite the crash in March 2020 due to the pandemic, Bitcoin has been steadily rising since then. And now, the RSI has recently crossed bullishly again, suggesting that we may once again be at the start of a significant rally.

According to these charts, even if Bitcoin were to retest the $25,000 level or potentially drop down to $23,000, it could present an excellent buying opportunity. Waiting for a $10,000 Bitcoin is unlikely to happen, with less than a 2% chance. With a 98% likelihood of higher prices in the near future, it may be wise to seize the opportunity rather than hold out for an improbable drop in price.

Anticipating the FOMC Meeting and Bitcoin's Future

As we approach the upcoming FOMC meeting, Bitcoin's price movement may be influenced by how Federal Reserve Chairman Jerome Powell speaks about the market. If the stock market, currently nearing its highs of the year, continues to rally based on expectations of a Federal Reserve pivot, it could create a bullish environment for Bitcoin as well.

Ultimately, while revisiting the $30,000 level or even forming a head and shoulders pattern leading to a worst-case scenario drop to around $20,000 is possible, the overall outlook remains positive. Even a temporary panic-inducing dip to around $15,000-$16,000 would still represent a long-term higher low and could be a perfect opportunity for investors.

So, as we eagerly await the outcome of the FOMC meeting and closely monitor Bitcoin's price movements, it's important to remember that the cryptocurrency market is always full of surprises. But with the current signals and patterns, the potential for a Bitcoin bull run in the near future seems more likely than ever before. And if you're interested in taking advantage of this potential, don't forget to explore the exciting bonuses offered by trading platforms like Femax and BigGet, which can add even more value to your cryptocurrency journey.