BTCUSDT: Moving Within Ranges

27 Des 2024

The chart shows how BTC has formed several key price ranges. These zones can be viewed as accumulation phases leading to further impulsive moves.

🔑 Key Highlights:

The first range acted as a base for a strong rally to $100,000.
A new range has now formed, where the price is likely to trade in the near future.
Key resistance zones have been highlighted and overcome, with the area around the current level potentially serving as a foundation for the next wave of growth.
💡 Potential Scenario:

If BTC continues to move within this trend, it may reach levels of $150,000+ by the end of 2026.
In case of a correction, the $70,000–$77,000 zone could serve as strong support.