đ Bitcoinâs Bullish Setup: The Macro Case for a Strong Breakout! đ
Since March, Bitcoin has been trading in a descending channel â but before you label this as a mere âbull flag,â letâs break it down. Hereâs why the outlook for BTC remains strong:
1ïžâŁ Peak & Liquidity Pockets: After soaring to a new ATH above $70K in March, profit-taking pulled prices lower. Each subsequent lower high has carved out liquidity pockets. Guess where the major liquidity sits? Yep, above $70K. đ
2ïžâŁ Accumulation at its Finest: Within this channel, smart money is accumulating. Notice the low volume during consolidation, only spiking when BTC taps the lower trendline. This is classic accumulation behavior â quiet before the storm. đ©ïž
3ïžâŁ Triggering a Reversal: What happens when we breach those lower highs? Boom â a chain reaction of buying and liquidity grabs could send Bitcoin flying. The first key liquidity target? $64.3K. đ
4ïžâŁ Zoom Out & Stay Patient: Forget the short-term noise! Zoom out, and the long-term chart shows Bitcoin looking super bullish. đ History suggests accumulation and liquidity patterns will eventually fuel a massive breakout. đ„
âł Patience is key. The next surge is coming, and itâs going to be epic. Just stay the course.
