Historically, Bitcoin has exhibited a fascinating pattern:
The Halving Influence: A prolonged upward trend tends to emerge around the time of Bitcoin's halving events.
The Bubble Formation: This upward trend has consistently evolved into a bubble, breaking upwards.
The Breakout Point: Notably, the breakout typically occurs around the previous all-time high (ATH).
These channels have never broken downwards in Bitcoin's history.
Currently, we're observing the formation of our latest channel, which appears poised for an upward break. Are you ready?
The Halving Influence: A prolonged upward trend tends to emerge around the time of Bitcoin's halving events.
The Bubble Formation: This upward trend has consistently evolved into a bubble, breaking upwards.
The Breakout Point: Notably, the breakout typically occurs around the previous all-time high (ATH).
These channels have never broken downwards in Bitcoin's history.
Currently, we're observing the formation of our latest channel, which appears poised for an upward break. Are you ready?
Trade active:
The monthly candle has closed, confirming a breakout. The next candle could potentially reach the approximate 50k level to retest the channel's upper bound. If it does not drop below that level, we could soon see a return to the all-time high (ATH) and possibly much further gains, up to 250k.