📉 Bitcoin has been stuck in the range of 104,000 – 112,000 TL for 16 days. Neither buyers can push it up nor sellers can pull it down.
Such long periods of sideways movement usually herald a significant price movement. There is uncertainty in the market, but at the same time, a serious squeeze has occurred. This suggests that when the direction is clear, the movement could be strong.
📌 In the case of an upward breakout, closing above 112,000 will be significant, while the 104,000 level should be monitored below.
📌 If there is an increase in volume during the breakout, the likelihood of the movement being permanent is much higher.
A decision has not yet been made, but it is very clear that this silence will not last long. It is beneficial to be prepared.
In recent days, the ATH is constantly being challenged. Which direction do you think $BTC will break?