Looking at the weekly chart of Bitcoin, the RSI is already giving a quite strong bullish signal. The key to this rally is that—the downtrend line that had been pressing on us for a full three months has been forcibly broken, and now the price is firmly holding above the breakout level.
The interesting part is right here. The technicals are in place, and the data is speaking. From the current position, in the next three to four weeks, we could very well see Bitcoin surge to the range of 103,000 to 105,000.
This is not me talking nonsense, nor is it some optimistic imagination. The market rhythm is just like this.
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VitaliksTwin
· 11h ago
I see the trendline break, but can it really stabilize? It seems like we need to see if it can hold this week.
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WenMoon42
· 15h ago
The three-month resistance line has been broken, this time it's truly different.
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GhostAddressMiner
· 17h ago
The thing about the trend line being broken... depends on who is dumping the market afterwards. Have the wallets of those big on-chain addresses shown any movement?
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GasFeeDodger
· 01-11 16:51
The three-month resistance line has finally broken. This time, it feels different.
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tokenomics_truther
· 01-09 17:50
The three-month resistance line has finally been broken through, this is getting interesting.
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DogeBachelor
· 01-09 17:43
The three-month suppression has finally been broken through, and this time it feels different.
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TokenRationEater
· 01-09 17:39
Wait, did this trend line really break? I need to look at the candlestick chart again...
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SnapshotDayLaborer
· 01-09 17:35
The three-month resistance line has been broken, this time it's truly different.
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TrustlessMaximalist
· 01-09 17:29
Has the three-month resistance line been broken? Is this for real this time?
Looking at the weekly chart of Bitcoin, the RSI is already giving a quite strong bullish signal. The key to this rally is that—the downtrend line that had been pressing on us for a full three months has been forcibly broken, and now the price is firmly holding above the breakout level.
The interesting part is right here. The technicals are in place, and the data is speaking. From the current position, in the next three to four weeks, we could very well see Bitcoin surge to the range of 103,000 to 105,000.
This is not me talking nonsense, nor is it some optimistic imagination. The market rhythm is just like this.