#NEARRisesNearly80%InAWeek $BTC
@bitcoin BTC breaks upwards and leaves behind a month of range.#BTC☀️
#Bitcoin❗ After approximately a month trading within the same balance, bitcoin finally managed to exit the range at its upper end and develop a strong expansion move. The price moved above the highs of the structure and, for now, continues trading above the area where it had concentrated most of the volume over the past few weeks.
$BTC
From auction theory, this change is especially relevant. A market in balance reflects acceptance: buyers and sellers consider the traded prices reasonable, and the market rotates around a value area. When that equilibrium is broken by displacement, a different process begins, in which the market attempts to find a new region where acceptance can emerge again.
Therefore, from now on, it will be important to not only watch how far the rise can continue, but also where bitcoin starts building volume and value again. If the price is able to stay outside the old range, develop trading on higher levels, and begin shifting upward its new value areas and POC, then the breakout would gain confirmation.$BTC
@bitcoin BTC breaks upwards and leaves behind a month of range.#BTC☀️
#Bitcoin❗ After approximately a month trading within the same balance, bitcoin finally managed to exit the range at its upper end and develop a strong expansion move. The price moved above the highs of the structure and, for now, continues trading above the area where it had concentrated most of the volume over the past few weeks.
$BTC
From auction theory, this change is especially relevant. A market in balance reflects acceptance: buyers and sellers consider the traded prices reasonable, and the market rotates around a value area. When that equilibrium is broken by displacement, a different process begins, in which the market attempts to find a new region where acceptance can emerge again.
Therefore, from now on, it will be important to not only watch how far the rise can continue, but also where bitcoin starts building volume and value again. If the price is able to stay outside the old range, develop trading on higher levels, and begin shifting upward its new value areas and POC, then the breakout would gain confirmation.$BTC
