$BTC Recently, we have seen a technical pattern known as the “Power of Three” or AMD, which refers to specific phases in a market movement: accumulation, manipulation, and distribution. This pattern reflects how institutions exploit areas of liquidity to gain their profits at the expense of individual traders.
Pattern stages:
Accumulation:
Between January 10 and 13, Bitcoin experienced an accumulation phase, where prices were moving sideways, allowing professional investors to build their positions.Manipulation:
On January 13, there was a rapid drop in prices, prompting some retail traders to sell for fear of further losses, while the market took advantage of these moves to attract new liquidity.Distribution:
With the manipulation over, prices began to move higher, breaking through the liquidity levels available on the opposite side of the previous range.
Target price:
Currently, indicators suggest that Bitcoin could reach $103,000 before January 20, the date of Trump’s inauguration. A “hot zone” has been identified at this level, based on liquidity analysis.
Economic data supports the rise:
After the US Producer Price Index (PPI) fell short of expectations on January 14, riskier assets such as cryptocurrencies and stocks saw a big rally. The positive data also included the Consumer Price Index (CPI) which came in at 2.9%, adding to the optimism that Bitcoin will continue to rise.
Experts' predictions:
Analyst AlphaBTC predicts that Bitcoin will reach $103,000, but if it fails to break this level, prices may return to the $80,000 range.
Digital commentator Momin Saqib suggests that Bitcoin could hit new record highs within weeks, regardless of US economic indicators.
The “Power of Three” pattern supports the possibility of Bitcoin breaking new levels soon, in light of encouraging technical and economic data. As the market continues to rise, will we see Bitcoin at the $103,000 barrier soon? The numbers and signals are promising.
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