The Bitcoin Layer Bitcoin Blows Past $110,000—This Is the Candlestick Masterclass You Asked For
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May 22, 2025 The discussion kicks off with Bitcoin's impressive leap past $110,000, emphasizing the power of candlestick patterns in market analysis. Key formations like the Three White Soldiers are dissected to reveal market sentiment. The influence of the 2024 election on Bitcoin’s trajectory is also highlighted, especially with a pro-Bitcoin candidate potentially impacting price. Listeners can expect insights into resistance levels, market dynamics, and how bullish trends are shaped by these intricate candle behaviors.
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Price Leads Market Behavior
- The price moves first as buyers and sellers act on new information before the broader market understands it.
- Price action leads and narratives follow, making price the primary truth of market behavior.
Judge Ruling Sparked Bullish Run
- The judge's ruling against the SEC sparked eight consecutive green weekly candles, signaling the start of a bullish Bitcoin run.
- This precursor move occurred before ETF approvals, showing buyers anticipated positive changes.
Three White Soldiers Signal Bulls
- The "three white soldiers" pattern signals bulls have fully arrived with three consecutive green candles.
- This pattern is a strong behavioral indicator representing sustained buying and market conviction.