Bitcoin is making waves again, and according to top crypto analyst CrediBull Crypto, shorting it might as well be “illegal” given the bullish market conditions. With Bitcoin trading at around $108,295 and eyeing a potential breakout to $120,000—or even as high as $149,000—now is the time to align with the bulls, not bet against them. At WallStreet Queen Official, we’re here to guide you through these exciting market moves with expert insights and strategies to maximize your gains. Let’s dive into why shorting Bitcoin is a bad idea and how our community can help you stay ahead.
Bitcoin’s Bullish Momentum Is Unstoppable
Despite a slight 0.59% dip in the last 24 hours, Bitcoin remains strong, boasting a 1.26% gain over the past week. After hitting a local high of $110,307 on July 3, the price has entered a consolidation phase—a classic setup for a major rally. CrediBull Crypto’s analysis, based on the Elliott Wave pattern, suggests Bitcoin is poised for significant upside.
In one scenario, Bitcoin could break out of a symmetrical triangle, targeting $120,000, with further potential to hit $136,000 or even $154,000—a staggering 42% gain from current levels. Alternatively, if Bitcoin has already started its next impulse wave, it could surge to $128,000 in wave 3 and climb to $149,000 in wave 5, delivering a 37% increase. Either way, the analyst sees limited downside, with support holding firm between $67,000 and $74,000 in the worst-case scenario.
Why Shorting Bitcoin Is a Losing Game
CrediBull’s bold claim that shorting Bitcoin is “illegal” isn’t about laws—it’s about market logic. The risk-to-reward ratio for shorting is heavily skewed against bears. Bitcoin’s consolidation above $100,000, combined with strong technical patterns, means short positions could get crushed if the price breaks key resistance at $111,941. On-chain data from IntoTheBlock further supports the bullish case: long-term holders are accumulating, with a 1.02% increase in addresses holding Bitcoin for over a year, while short-term traders are fading away. This shift signals growing confidence and market maturity, making it a tough environment for short sellers.
Join WallStreet Queen Official for Expert Crypto Guidance
At WallStreet Queen Official, we empower traders and investors with the tools and knowledge to navigate the crypto market’s ups and downs. Our community provides:
- Expert Analysis: Stay ahead with insights from top analysts like CrediBull Crypto, tailored to help you make informed decisions.
- Real-Time Updates: Get timely alerts on key price levels, like Bitcoin’s $111,941 resistance, so you never miss a breakout opportunity.
- Winning Strategies: Learn how to position yourself for long opportunities in bullish markets and avoid risky bets like shorting Bitcoin.
- Supportive Community: Connect with like-minded traders who share tips, strategies, and encouragement to help you succeed.
Whether you’re a seasoned trader or just starting out, WallStreet Queen Official is your go-to resource for mastering the crypto market. Don’t get caught on the wrong side of Bitcoin’s next move—join us today to capitalize on the bull run.
The Road Ahead for Bitcoin
To confirm its bullish breakout, Bitcoin needs to clear $111,941. From there, targets of $120,000, $128,000, and even $149,000 are in sight. With long-term holders stacking coins and short-term speculation cooling off, the market is primed for another leg up. Shorting Bitcoin in this environment isn’t just risky—it’s a strategic misstep.
Take Action with WallStreet Queen Official
Don’t miss out on Bitcoin’s next big move. Join WallStreet Queen Official now to access expert insights, proven strategies, and a vibrant community dedicated to your success. Shorting Bitcoin may not be illegal by law, but it’s a losing bet in today’s market. Let’s ride the bullish wave together—sign up today and start trading smarter!
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