🚨 Two months ago, no one expected the price of Bitcoin to reach this area
Here is the price of Bitcoin since the last rise, and I remember well when no one expected the price to return to this area. Now that we have reached it, the real question is no longer the decline, but what will happen after it.
This phase usually determines the market direction for the next big move. It could either turn into accumulation in preparation for the next rise... or into selling in preparation for another decline.
The expected move now depends on one thing: how the price reacts at key levels.
Price Range Compression:
• 60 thousand - 76 thousand
• Rejection at 73.8 thousand
• Rejection at 72 thousand
• Rejection at 69.5 thousand
• The level of 68.2 thousand is now the key level
Why is the level of 68.2 thousand critical now?
#BTCLongSetUp The struggle of Bitcoin to break the level of 68.2 thousand indicates:
Buyers losing their momentum near the structural resistance level
The market entering a decision-making phase
Imminent breakout (expansion of volatility after price compression)
Are we witnessing preparation for the next move...
or just a temporary pause before volatility returns?