Get ready for a potential Bitcoin breakout! After 125 days of consolidation, BTC is at a critical juncture. The upcoming weekly close will determine the next price move. Two possible scenarios:
1. BTC reclaims $60,000 by the weekly close, potentially leading to a surge towards $70,000+.
2. A close below $60,000 might result in a pullback to the mid-range support level ($44,233) before any potential upswing.
Currently, the bias is slightly bearish since BTC is trading below $60,000. However, if it reclaims this level, a significant upmove could be on the cards! Share your thoughts on which scenario is more likely in the comments. Remember, this is not investment advice.
