#BTC/USDT #Analysis Description --------------------------------------------------------------- + As depicted in the chart, BTC is currently at a crucial juncture, trading near the all-time high (ATH) range on the monthly chart. + This pivotal moment will determine Bitcoin's trajectory, as a breakout could propel it to new ATH levels, aligning with expectations and historical Bitcoin halving cycles. + In the event of a rejection, the next support level is anticipated around the 47K range. However, the possibility of a breach below this support, leading to a target of 30K, seems less likely. + Personally, I maintain an optimistic outlook on a price breakout. I anticipate Bitcoin to consolidate near the ATH range, paving the way for a smooth ascent once the ATH barrier is breached. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions.