Tomorrow's closing price trend will become a crucial turning point, as a major market movement is on the horizon!



From a technical perspective, Bitcoin has been consolidating at the 80,600 level for five weeks. The EMA20 moving average is gradually flattening, and the price fluctuations are oscillating around this vital support line. Large swings could occur at any time.

The area around 89,500 has repeatedly served as support and resistance over the past five weeks. This level has been tested multiple times upward, especially during the quiet period of declining volume around Christmas. However, today, signs of an upward breakout are emerging. The key point is this—if tomorrow's close can be accompanied by effective volume and hold above this level, a significant rebound could truly begin.

Five weeks of buildup have been for this moment of confirmation. Be prepared to witness the market's shift.
BTC-0,09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
GasWhisperervip
· 7h ago
ngl the mempool's been eerily quiet during this consolidation phase... five weeks of data compression usually means gwei patterns bout to spike hard when volume kicks in. watching that 89500 breakout like it's my next optimal execution window fr
Reply0
FloorPriceNightmarevip
· 10h ago
Five weeks of sideways trading really can't hold up anymore; if 89500 breaks, I consider it a loss. --- It's all decided by tomorrow's close again; can we not say that every time haha. --- Feels like the wolf is coming every time, but is there really a sign this time? --- Five weeks of buildup just for this moment, I’m betting on it. --- If 89500 can't break, I’ll have to keep holding on, it's exhausting. --- Trading volume needs to cooperate to be meaningful; just looking at the candlestick charts is too superficial. --- If it can rise tomorrow, I’ll believe it; for now, I’ll observe. --- I'm tired of hearing about turning points; let’s just watch the order book. --- Is this reliable this time, everyone? Anyone in?
View OriginalReply0
SmartContractPlumbervip
· 10h ago
80600 has been consolidating for five weeks. In plain terms, it's waiting for a confirmation signal. If tomorrow's closing price is accompanied by effective volume breakout above 89500, then it's worth watching. Otherwise, it's just the usual false breakout trick.
View OriginalReply0
TokenRationEatervip
· 10h ago
Five weeks of sideways trading with no movement, and tomorrow we're supposed to witness a "turnaround"? I feel like these words are said every week. Wait until it truly breaks through 89,500, then I'll admit defeat and eat dirt, but honestly, right now it feels a bit虚
View OriginalReply0
GateUser-e19e9c10vip
· 10h ago
Five weeks of sideways trading is really a long time to hold back. If tomorrow's close can stay above 89,500, that would be great.
View OriginalReply0
GateUser-4745f9cevip
· 10h ago
Wait, 89,500? The last time I heard this explanation was the week before last, and what happened? Still sideways trading, huh?
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt