Historically, BTC has gained on average 30% - 50% on Q4. For the better part of the year, BTC has been in a consolidation phase since the last Q4 breakout from 68k to 106k. At the current price, BTC has broken the previous resistance @ 124,500k. The price action in itself remains firmly bullish, since the rising prices are accompanied with rising volume. There is also minimal selling pressure as candles on the Daily TF close at or near the highs with very small or no wicks.If history repeats itsels, a 50 % gain on the Digital Gold could possibly propel it to >160k ny the end of the year.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.