BTC at a Pivotal Moment: Breakout or Breakdown?Just wanted to share my thoughts about BTC as it reaches a crucial decision point.
Bitcoin is at a key spot within its current channel, testing levels that could dictate the next major move. The parabolic trendline is nearing its end, meaning volatility is likely ahead. The 106.587 resistance is the level to watch if BTC breaks above, we could see a strong upside continuation. On the downside, 92.156 support is critical a break below could trigger a significant downtrend.
To navigate this move, my Trend Follower indicator is out and it provides clear trend direction and potential reversal points, you can find it on my scripts.
