BTC Massive Breakout Analysis

What’s next after this massive breakout? After consolidating for 2 weeks above $50,000, BTC printed an upward divine candle supported by substantial volume. It only temporarily stopped at the $54,000 resistance before breaking through it. Currently, BTC is in the middle of nowhere, and 3 possible scenarios can occur:1) Extremely bullish case – BTC climbs to our final target of around $58,000, then consolidates while altcoins catch up.2) Very bullish case – BTC retests $54,000 as support before rising to $58,000.3) Bullish case – BTC retests the high of the previous consolidation range at $53,000 before rallying back to $58,000.There is no bearish scenario in these market conditions: any decline is a buying opportunity. and its pair BTC have broken out of a major HTF trend and the majority of altcoins appear poised to embark on a massive run.️ If you found this helpful, please consider tipping me via the Binance Tipping feature. Your generosity will help me continue providing high-quality content.

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