$BTC
hit the same ceiling 3 times in a row and still hasn't broken out. This will define the entire market in the coming weeks.
Bitcoin is consolidating in the $79,000 to $81,000 range in the short term, with the medium-term uptrend still intact, up 2.8% in 7 days and 13.5% in 30 days. On the daily candlestick chart, it's clear: the price is repeatedly testing the $81,000 resistance without managing to close above. When an asset hits the same ceiling multiple times, one thing is certain: when it breaks, it's going to break hard.
Analysts point to the formation of higher lows after a bounce off the $79,555 support, indicating active accumulation in this range, with buyers absorbing selling pressure without letting the price drop. This is bullish. But be cautious: the main resistance is at $82,981, and as long as BTC doesn't close a daily candle above this level, the correction risk remains on the radar.
My reading: the market is at a decision point right now. Either BTC breaks $82,981 in the next sessions and opens the door for $90k+, or it will seek support at $77k before making a real move up. What's your scenario? Comment here: BREAK or CORRECT 👇🔥
hit the same ceiling 3 times in a row and still hasn't broken out. This will define the entire market in the coming weeks.
Bitcoin is consolidating in the $79,000 to $81,000 range in the short term, with the medium-term uptrend still intact, up 2.8% in 7 days and 13.5% in 30 days. On the daily candlestick chart, it's clear: the price is repeatedly testing the $81,000 resistance without managing to close above. When an asset hits the same ceiling multiple times, one thing is certain: when it breaks, it's going to break hard.
Analysts point to the formation of higher lows after a bounce off the $79,555 support, indicating active accumulation in this range, with buyers absorbing selling pressure without letting the price drop. This is bullish. But be cautious: the main resistance is at $82,981, and as long as BTC doesn't close a daily candle above this level, the correction risk remains on the radar.
My reading: the market is at a decision point right now. Either BTC breaks $82,981 in the next sessions and opens the door for $90k+, or it will seek support at $77k before making a real move up. What's your scenario? Comment here: BREAK or CORRECT 👇🔥