BTC Price Forecast: Will Accumulation Zones Lead to a 50% Surge?
We are analyzing a BTC/USD weekly chart where the price is holding strong support above the rising trendline, marked in blue.
First Scenario: After breaking out of the resistance trendline, the price rallied by 135%, as shown in the first green box. Notably, there was a small accumulation phase in the red-marked zone before the breakout.
Second Scenario: Currently, the price is steadily moving upward, forming another small accumulation zone within the red-marked area. This pattern suggests a potential continuation of the bullish trend.
Outlook: Based on these observations, the price could potentially rise an additional 50% from current levels. The Stochastic RSI supports this view, aligning well with the momentum seen in both scenarios.
Conclusion: The strong trendline support, recurring accumulation zones, and favorable momentum indicators point to further upside potential.
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