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<p>In a recent video by Crypto Michaël, the expert delves into the current state of Bitcoin and its potential for a bullish run. The video, <a href="https://youtu.be/HGIm1ZjPK_w?feature=shared" target="_blank" rel="noopener noreferrer nofollow">titled</a> “Bitcoin Bull Run Started? I’m buying Bitcoin at this level!”, offers a comprehensive look at the cryptocurrency market, focusing on Bitcoin’s technical analysis and its interplay with macroeconomic factors.</p> 
<h4 class="wp-block-heading">Bitcoin’s Resilience Amid Economic Shifts</h4> 
<p>Crypto Michaël begins by highlighting the strength of Bitcoin as it faces resistance at $27,000. Despite the European Central Bank’s decision to raise interest rates from 4.25% to 4.5%, and the U.S. dollar holding crucial levels, Bitcoin has shown remarkable resilience. The digital currency is not only sustaining support above its 200-week Exponential Moving Average (EMA) but is also poised for a potential breakout.</p> 
<h4 class="wp-block-heading">Entry Points and Market Trends</h4> 
<p>For traders and investors, timing is everything. Crypto Michaël identifies optimal long entry points for Bitcoin, suggesting a range between $25,000 to $25,900. These levels have been the low for a month, making them vital for long positions. He also discusses the importance of Bitcoin sustaining above the 200-week EMA, a key indicator often used to predict long-term trends.</p> 
<h4 class="wp-block-heading">The Bigger Picture</h4> 
<p>Drawing parallels to Bitcoin’s price action in 2015, Crypto Michaël speculates that we might be entering a phase where altcoins will also start to gain momentum. He emphasizes that Bitcoin’s current behavior is very much in line with the patterns observed during the pre-halving run of 2015. If history is any indicator, Bitcoin could potentially reach $45,000 before the next halving event.</p> 
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<h4 class="wp-block-heading">Final Thoughts</h4> 
<p>As the video concludes, Crypto Michaël reiterates the increasing odds of a new upward run for Bitcoin. With the cryptocurrency sustaining key support levels, the stage is set for a potential breakout. The only question that remains is not if, but when.</p> 
<p>For those interested in a more detailed analysis, Crypto Michaël will be discussing these trends further in an upcoming Saturday session.</p> 
<p>Bitcoin stands as a symbol of potential and opportunity. As we keep a close eye on market indicators, one thing is clear: Bitcoin remains a compelling option for those looking to diversify their portfolio and capitalize on emerging opportunities.</p> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/bitcoin-bull-run-started-im-buying-bitcoin-at-this-level-expert/">Bitcoin Bulls Ready to Run – Crypto Expert is Buying BTC at This Level</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Bitcoin Bulls Ready to Run – Crypto Expert is Buying BTC at This Level

CaptainAltcoin

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