📢 Is $BTC Preparing for a Breakout? Here’s What You Need to Know
Bitcoin ($BTC) has been consolidating in a narrow range between $65,000 and $70,000 for several weeks now. Many traders are asking the same question: is this just the calm before the storm?
🔍 Technical Outlook:
BTC is forming an ascending triangle, which is typically a bullish continuation pattern. If the price breaks above the $70K resistance with strong volume, it could spark a rally toward the $75K–$80K zone.
On the other hand, failure to break through might result in a short-term correction back to the $62K support area.
🧠 Fundamentals to Watch:
Bitcoin ETF inflows continue to support demand from institutions.
Upcoming US interest rate decisions could increase volatility.
On-chain data shows long-term holders are accumulating.
📊 Strategy Tips:
Consider using DCA (Dollar Cost Averaging) to enter safely.
Keep stop-losses tight if trading short-term.
Watch for fakeouts near key resistance zones.
📈 If $BTC confirms a breakout, altcoins like $ETH, $SOL, and $AVAX could also follow with strong moves.