Bitcoin Crash Incoming? Price Target Set at $71,200!

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The newly developed accumulation detection indicator currently shows a significant accumulation at the peak of Bitcoin, with a width of 20.9%. Typically, when such accumulations break out, the price tends to move in the breakout direction by an amount equal to the accumulation width, i.e., 20.9%. A breakout is confirmed when the closing price of a bar falls outside one of the accumulation boundaries.

I believe that the closing price is more likely to occur beyond the lower boundary of the accumulation, which would indicate a prolonged downward movement of 20.9% from the lower boundary. This corresponds to a target of approximately $71,200.

This indicator is optimized for use on the daily Bitcoin chart, and historical data suggests that breakout targets are met with high accuracy—unless a subsequent range forms immediately after the previous one.

Wishing you success in your trading!

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