多头正在为再次突破 55,000 美元做准备，但最终可能会吸引巨大的看跌活动，将其价值从高点挤出 20% 以上
The current trading pattern of Bitcoin seems to hint at the possibility of a bearish trend in the short and long term, especially considering that the digital currency is in the middle of a retracement in its pre-halving trading phase. Combined with the recent resumption of bearish weekly closes, this seems to indicate that prices may be starting to embark on a new pullback. However, in stark contrast to Bitcoin, Ethereum appears to be strengthening and may attract more sentiment towards ETH and altcoins, which may have an adverse impact on BTC prices.
To avoid further bearishness, Bitcoin price must hold on to lower support, sustaining the uptrend and ensuring it becomes a threshold level for the upcoming rally. The price remained above $51,000 throughout the weekend, which led to sideways price action despite a significant drop in volume and accompanying volatility.
However, bulls are currently trying to defend local support at $51,000, which suggests they are preparing for the next rally, which could break above $52,000 at any time. Therefore, once BTC price breaks through the resistance between $52,300 and $52,500, the market may see a massive liquidation, leading to a new pullback that may be more severe than before.
It may face massive liquidation as the price has moved above $52,300. Over $75 million in liquidations are expected to occur once these levels are reached, suggesting that prices may eventually trap bulls at local highs once again. Therefore, it appears that Bitcoin price is trying to break out of the higher range first, then quickly decline to capture the lower range, and eventually start to rebound.
Additionally, BTC price is forming a bull flag pattern, consolidating within a very narrow range, which is fueling expectations of a breakout. Therefore, the price of Bitcoin is likely to continue to consolidate, eventually rising back above $54,000, and possibly as high as $58,000, but a sharp correction may eventually occur. According to prominent analyst Michael van de Poppe, the upcoming correction could drag post-halving price levels to $40,000 to $42,000.
The price of Bitcoin (BTC) closed above $50,000 for the second week in a row, raising hopes of an upward trend ahead of the Bitcoin halving.
