Post the zone breakout, $BTC has been operating in a certain range for months. Currently as per Daily charts, it's lurking around a strong support but the ichimoku cloud does show signs of high volatility.
I typically use Ichimoku, Pivot Points and Support/Resistance to make entries. Since March 2023, when it breached the 22500 mark and spiked upwards the chances of 70,000 were high, contigent upon 40,000 barrier being breached. Even in the current range bound moves, if it survives 40,000-45,000 zone, maybe we are up for another wild ride.
As such, there's no concrete direction and to top it - the price has been moving within pitchfork intersection boxes, if at all $BTC breaches the box, refer Monthlychart and operates in the parallel chart (the lower limit being 55,000), that ride would be something.
Speculations, Market sentiment apart, the volumes aren't so promising currently.
Been tracking the chart aggressively since August/September 2023 and was pretty sure if it survives 25,000, the upmoves would drastic.
Here's my chart, thought I'd share my analysis via the #Write2Earnhashtag #Write2Earn contest. #BTC all the way. Kindly refer the Pitchfork and Ichimoku representation on weekly chart. if at all it breaches the upper green Band, 100,000k isn't impossible from there.