Accumulation to Breakout: BTC’s Next Target RevealedBitcoin Analysis
After a 47% surge from the first accumulation zone, the price entered a consolidation phase.
Breaking out of the next accumulation zone, Bitcoin rallied by 61%, showcasing strong bullish momentum.
Currently, the price is consolidating again, with a potential 40% upside if the bullish trend continues.
Previous breakout levels now act as key support for any pullbacks.
Btcbreakdown
Bitcoin is breaking the daily trend channel.This has not been confirmed yet and wait for the candle to close under it. It can be a fake out to end long positions. Stop losses in all trades.
We get confirmation this week.37150 to 37550 wil be the next support level of btc
After a three day break in the market tonight, we can see the direction of the market. Due to the weakness in the uptrend, I expect a price correction in the most important demand area in the $ 30,000 range. The second scenario is market support from the channel and trend line and up to 50,000. Bitcoin emissions from exchanges have accelerated.
BTC Suffering#BTC broke down the triangleand landed on an important level ( mid-term channel support and fibo support ) if the support zone gets broken BTC will Start a Bloodbath on the market...
#Market needs some good news in order to maintain the support and re-enter the triangle and break the MOST Important and Strongest Resistance Level that ever existed on whole #BTCUSDT History
#Sometimes doing nothing and chill is the best thing to do, actually its like being in a real position !
#stay safe and happy trading./