Bitcoin Analysis: You don't wanna miss this opportunity

Bitcoin has been going crazy these days so what's going on?

To keep it simple, since the Covid crisis, the global economy has been shrinking.
Historically speaking, in crisis times, people are scared and worry a lot about their money and future , so they crave security. This goes by finding durable investments and these investments are mostly Land or gold but since the rise of Bitcoin, the confidence of people is rising day after day and the market has been showing positif sentiment for years now; this is the main reason why bitcoin's price is rising no stop.

Technically speaking, many big company and whales have entered the market , adding all the hype, so it's very natural to see this tremendous rise from 9000 to reach 16000.
Now let's speak technical analysis, what you need to know is at this point all historical data are pretty useless because we have never experienced this trend before, personally what I tend to look for are two main things:

Price Action:

This is the first time since 2017 that the price has reached 16000 making it the second time in BTC's history but what's different this time?
The first time, it was a huge pump and dump due to a large quantity of BTC entering the market cap pool but this time it's different. Now whales and companies are giving up their money to acquire a limited amount of BTC and the overall trend is looking very healthy with minor corrections and steady support levels unlike 2017.

Volume:

Volume is a very reliable indicator, last weeks we can see clearly a slight yet significant rise in volume in the daily chart

What's the meaning of that?
It means there are a lot of transactions going on, so there is a real intrest in the asset unlike pumps and dumps where fake volume is almost always present in the big picture.
Volume helps us confirm that the rise in the price action is healthy and pretty real.

One last word...
Like gold, bitcoin is looking like a very solid long term investment and it's outperforming every other asset in the market so you may start taking action before it's too late.