Exploring Bitcoin’s Potential Structural Shift in 18 Hours

Based on historical backtesting of a trading strategy using the 18H BTC HEIKINASHI indicator, a potential trade opportunity is identified when the candle closes at or above the purple line value. This setup typically results in a 23-bar trade with an average profit of 8.18%, indicating a longer-term structural shift for Bitcoin. The 60k double bottom suggests an ongoing uptrend, with lower time frames consolidating before higher time frames. Presently, Bitcoin has approached the 66k zone, nearing confirmation of a 50% retracement from the 73.6k high. A buy signal on the 18H chart could lead to price targets of 70-72k and the possibility of reaching new all-time highs. However, confirmation hinges on an 18H candle closing above the purple line, with updates to follow once the signal is triggered. For signal settings or further information, feel free to reach out.

Trade active: Signal is currently showing intra-bar movement; it is advisable to wait until the bar closes before making any decisions. There are approximately 4 hours left. There is a potential price target of 71k over the next 17 days.