If I were a bull, I wouldn’t be hoping for $BTC to break out of this range anytime soon.
I’d want price to remain trapped between roughly $59K and $67K for another three to four months.
There’s a reason the previous three bear-market rallies all failed.
Each breakout occurred before BTC had built enough liquidity and cause underneath it to support a sustained move higher. Price expanded, but the foundation was never strong enough to maintain the effect.
This is the Law of the Foundation. No move is real without the structure that built it.
It’s cause and effect in its simplest form. The longer price spends inside a range, the more liquidity it creates, the more supply it absorbs and the larger the eventual move that structure can support.
An early breakout might look bullish, but without enough time spent building a proper base, there is far less structure supporting continuation.
The stronger bullish outcome would simply be more consolidation.
More rotations through the range, more liquidity built on both sides and continued defence of the lows while the market prepares for expansion.
Of course, this remains constructive only while the lower boundary holds. Lose the range lows, and the cause may be building for another move down instead.
But if bulls can protect this structure for the next few months, the eventual breakout would have something the previous three rallies never did.
A foundation of liquidity strong enough to support the expansion.
#BTC #bitcoin #TrendingTopic #BullishMomentum
I’d want price to remain trapped between roughly $59K and $67K for another three to four months.
There’s a reason the previous three bear-market rallies all failed.
Each breakout occurred before BTC had built enough liquidity and cause underneath it to support a sustained move higher. Price expanded, but the foundation was never strong enough to maintain the effect.
This is the Law of the Foundation. No move is real without the structure that built it.
It’s cause and effect in its simplest form. The longer price spends inside a range, the more liquidity it creates, the more supply it absorbs and the larger the eventual move that structure can support.
An early breakout might look bullish, but without enough time spent building a proper base, there is far less structure supporting continuation.
The stronger bullish outcome would simply be more consolidation.
More rotations through the range, more liquidity built on both sides and continued defence of the lows while the market prepares for expansion.
Of course, this remains constructive only while the lower boundary holds. Lose the range lows, and the cause may be building for another move down instead.
But if bulls can protect this structure for the next few months, the eventual breakout would have something the previous three rallies never did.
A foundation of liquidity strong enough to support the expansion.
#BTC #bitcoin #TrendingTopic #BullishMomentum