$BTC
TF 1D
Let's analyze how Bitcoin's price has behaved in the past and what we might expect in the future
We'll compare the two previous ranges that led to breakdowns with the current one.
First range (post-ATH)
Duration: 33 days
Price swing: 14% from low to high
Range base: 107k (candle closes)
Low: 102k (wick)
The price closed below the base, retested it, and then accelerated sharply lower. From the sweep of the low (with daily close below 102k) to the actual breakdown, about 10 days passed.
Second range
Duration: approximately 71 days
Price swing: 21% from low to high
Range base: 86k
Low: 80k
Here too, the price closed below the range base, triggering the second leg down.
Third range (current)
Duration: 126 days
Price swing: 39%
Range base: 64k
Low: 60k
The price has closed below the base BUT has not yet closed a daily candle below the Low and It is currently retesting the base from below.
If Bitcoin manages to close the daily candle above 64k, we could see a new scenario: a convincing rebound with the first target at 77k.
From there, the price might return to test the lows and sweep them toward the end of summer, before breaking the range decisively higher between early and mid-autumn, with subsequent targets at 88k → 110k → new ATHs.
In summary: The current range is wider, longer, and more battled than the previous ones. If it breaks and holds above the 64k support, the odds of a bullish reversal increase significantly.
We BULL
DYOR
$BTC
TF 1D
Let's analyze how Bitcoin's price has behaved in the past and what we might expect in the future
We'll compare the two previous ranges that led to breakdowns with the current one.
First range (post-ATH)
Duration: 33 days
Price swing: 14% from low to high
Range base: 107k (candle closes)
Low: 102k (wick)
The price closed below the base, retested it, and then accelerated sharply lower. From the sweep of the low (with daily close below 102k) to the actual breakdown, about 10 days passed.
Second range
Duration: approximately 71 days
Price swing: 21% from low to high
Range base: 86k
Low: 80k
Here too, the price closed below the range base, triggering the second leg down.
Third range (current)
Duration: 126 days
Price swing: 39%
Range base: 64k
Low: 60k
The price has closed below the base BUT has not yet closed a daily candle below the Low and It is currently retesting the base from below.
If Bitcoin manages to close the daily candle above 64k, we could see a new scenario: a convincing rebound with the first target at 77k.
From there, the price might return to test the lows and sweep them toward the end of summer, before breaking the range decisively higher between early and mid-autumn, with subsequent targets at 88k → 110k → new ATHs.
In summary: The current range is wider, longer, and more battled than the previous ones. If it breaks and holds above the 64k support, the odds of a bullish reversal increase significantly.
We BULL
DYOR
$BTC