Bitcoin is currently displaying the '3 Market Phases,' and we’re transitioning from Contraction into Expansion. As long as the price holds above the lower boundary of the horizontal channel, I believe there’s a strong likelihood of continued upward momentum.
Key points:
Break below the channel: A breakdown could signal the beginning of a significant downtrend. However, if the channel holds, the uptrend is expected to persist.
Uptrend continuation: There’s a solid chance we could see a rise toward the 63K level.
This is not a buy or sell recommendation.
It reflects a personal viewpoint and is intended for reference only.
All decisions and responsibilities lie solely with you.
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