#Bitcoin's monthly chart has shown a significant breakout. š This is a pivotal move that often dictates the next major trend.
This signal is not a typical occurrence; it represents a critical juncture for the market. A key question emerging is whether this breakout foreshadows a substantial downturn.
Here are the potential scenarios:
**Option 1: The Fakeout Scenario**
Bitcoin may mimic a breakdown to trigger panic selling among smaller traders. Large market participants then accumulate assets at lower prices. Following this accumulation phase, the market often rallies to new highs.
**Option 2: The Genuine Breakout**
Should this breakout prove real, $BTC could see a drop below 80,000. However, the overarching upward trend remains intact unless Bitcoin decisively breaches the 82,000 mark. A move below this level would indicate a true shift to a bearish market.
Monitor these levels closely. The next major Bitcoin move is developing, and successful traders prioritize preparation over panic.
Trade $BTC here.
