#Bitcoin has been moving horizontally around the ATH resistance of $109k for 1 week.

The changes in the data during the period when the price is moving sideways give us good insights about future price movements.

While the price is moving horizontally at the resistance, we check whether there is any cooling in the data. As of now, despite the horizontal movement, the technical data still appears strong and continues to maintain a positive outlook.

I shared an analysis regarding a similar situation when $BTC was last at $80k, and the trend broke a day later, leading to a 30% increase. I recommend reading this analysis as well to better understand what I'm explaining 👇

https://t.co/cXWk2xQOpx

In the current situation, I believe that the horizontal movement of the price and the still strong data indicate that the ATH resistance will be broken and the uptrend will continue.

In the opposite case, I will update you instantly, friends. I wish everyone a nice day and plenty of profits.