#BTC
Bitcoin at a Critical Crossroads
📈 Pattern: BTC touches the same key price area for the third time on the weekly chart, indicating the significance of the upcoming breakout movement.
Two potential scenarios:
1️⃣ Rejection area with bullish accumulation
· The repeated refusals indicate selling from major players at certain profit levels
· However, the ongoing higher lows suggest that accumulation is taking place in a long-term bullish direction
2️⃣ Final test before a major move
· This area could be a final test of support before determining the next direction
· Staying above the upper support = bullish signal
· Breaking below it = possibility of a deeper correction
🎯 Key: The overall structure remains bullish, and a true reversal requires a breakout below deeper support levels.
Alert: The weekly chart indicates readiness for a significant upcoming move.
