Vertical Accumulation and Breakthrough
The shorter six-hour time frame provides a more optimistic Bitcoin price prediction.
Since the first week of May, BTC has been consolidating within an ascending parallel channel.
Although channels usually contain corrective structures, Bitcoin's price broke out today and reached a new all-time high.
The breakout of the channel is a highly bullish sign as it indicates a pattern of vertical accumulation, where even corrections create higher lows.
Additionally, it occurred after the RSI and MACD generated hidden bullish divergence.
Therefore, the short-term BTC price analysis is more bullish. It predicts that the pullback is over and new highs may be reached.
Also, on November 21st last year, altcoins collectively took off, landing on December 7th;
On May 21st this year, altcoins sounded the alarm again, will it ignite again on June 7th?
History repeats itself, experts finish the main course and switch to small plates,
while retail investors miss the main course and chase after dessert, ultimately paying the bill themselves.
To find the right mindset, look for the right people, and everything will be resolved!
