Bitcoin's Accumulation Phase Signals Breakout Potential

20 ส.ค.

🤖🚀 Bitcoin's Next Move: Accumulation Phase Signals Breakout Potential! 💡🌐

Hey everyone, it’s been a while since Bitcoin has been moving sideways, consolidating in a classic accumulation phase. We’ve seen buyers and sellers taking their positions, and the anticipation is building for Bitcoin to make a significant move. The big question is: will Bitcoin break higher, or is there still a chance to buy at lower levels?

From mid-March until now, BTC has been consolidating, and according to my book, whales might be looking for another opportunity to buy in the 48K to 53K range—a zone that was recently tested earlier this month. Particularly, on Monday, August 5th, we saw a dip where liquidity was quickly absorbed between 49K and 53.5K. During that week, the whales took advantage and feasted on over-leveraged traders, reinforcing the importance of staying cautious with leverage.

So, what’s next? Could we see a push towards 68K and then 79K, or will the whales trigger another shakeout below the 56K mark? The market is at a critical point, and the next few weeks could be decisive.

What do you think? Will Bitcoin break out, or is there more accumulation ahead? Let me know your thoughts in the comments below!

One Love,
The FXPROFESSOR 💙

21 ส.ค.

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9 ก.ย.

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