Will the price break out of this range? It's currently form | Zendon on Binance Square

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Bullish

Will the price break out of this range?
It's currently forming a falling wedge, and the RSI is also dropping. $ATM is likely to pump back to $40.
#CryptoMarketMoves #BinanceBlockchainWeek #CPI_BTC_Watch 

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ATM

1.771

+1.89%

621

0

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The $BTC chart highlights two key consolidation phases in 2021 and 2024, each following a significant rally. These accumulation zones suggest potential for future upward movements, as seen in past cycles. Currently, $BTC is holding strong at around $57,900, with a possible breakout projected toward the $80,000 level in the coming months. The repetitive pattern of accumulation before explosive growth sets a bullish expectation as we move into 2025. #CPI_BTC_Watch #BTC☀

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#ETF Flows Overview 📊 $BTC: -$43.9M 🔴 $ETH: -$0.5M 🔴 Some outflows but price managed to hold up relatively well by rebounding from a -4% move down during the day. Stocks closed very strong which contributed to the bounce back up. Still nothing crazy in terms of ETF flows.

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The $CTK chart shows a potential bearish trend. The price is currently below a descending triangle pattern, which suggests a downward breakout may be imminent. The 200MA is also below the price, reinforcing the bearish sentiment. However, the 50MA is crossing above the price, which could indicate a short-term bullish reversal. Overall, the chart is leaning bearish, but a close watch on the 50MA's behavior is crucial. #USNonFarmPayrollReport #CPI_BTC_Watch #TelegramCEO #PowellAtJacksonHole #XRPVictory

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$MANA continues to move within a descending channel, with a recent false breakout. A potential upward movement from the current price towards $0.3000 and beyond is possible. #MANA #Crypto #PowellAtJacksonHole #XRPVictory #CPI_BTC_Watch

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The $ETH weekly chart shows a consolidation phase with ETH nearing a critical support level around $2,000. A potential bounce from this trendline could lead to a bullish breakout, with targets around $4,000 or higher, possibly reaching $5,000 in the long term. However, if the support fails, a dip below $2,000 is possible before any recovery. #CPI_BTC_Watch #CryptoMarketMoves #ETH🔥🔥🔥🔥

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