#Bitcoin has been moving horizontally around the ATH resistance of $109k for the past week.
The changes in the data during the period when the price is moving sideways give us great ideas about the upcoming price movements.
While the price moves sideways at the resistance, we check whether there is a cooling in the data. Currently, despite the sideways movement, technical data still appears strong and maintains a positive outlook.
When $BTC was last at $80k, I shared an analysis related to a similar situation, and a day later the trend broke, leading to a 30% rise. I recommend reading this analysis as well to better understand what I am explaining 👇
https://t.co/cXWk2xQOpx
In the current situation, I believe that the sideways movement of the price and the continued strength of the data indicate that the ATH resistance will be broken and the upward trend will continue.
In case of a contrary situation, I will update you in real-time, friends. I wish everyone a great day and plenty of profits.