Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin’s recent price action has positioned the cryptocurrency at a pivotal crossroads. While it has successfully broken above a key long-term trendline, it remains locked in a consolidation pattern below its all-time high (ATH). This dual dynamic creates a compelling and uncertain environment, leaving investors to ponder the most critical question in the market: Is the next explosive rallyfinally loading? Bitcoin Breaks Long-Term Trendline: A Familiar Cycle Signal
CryptoELITES, a seasoned crypto analyst, recently revealeda highly bullish perspective on Bitcoin’s recent price action. According to the analysis, Bitcoin has successfully broken above a key long-term trendline on its chart, a move that signals a significant shift in the market’s trajectory. Related Reading Bitcoin Finds Crucial Support On Bull Market Band — Will Momentum Hold 1 day ago
Following this breakout, Bitcoin has entered a consolidation phase. This pattern is particularly noteworthy because it mirrors the behavior seen in previous market cycles. BTC makes a crucial breakout | Source: Chart from CryptoELITES on X
Such post-breakout consolidation has historically served as a precursor to much larger price movements. Based on this historical precedent and the current chart pattern, the analystis confident that a major move is on the horizon. BTC Faces Strong Rejection At Key Resistance Zone
Despite the optimistic signals emerging from Bitcoin’s recent trendline breakout, not all analysts are convinced the market is ready for a full-fledged rally. In a recent update, Alpha Crypto Signal pointed out that BTC is still facing strong rejection at a key horizontal resistance zone on the daily chart. This resistance continues to weigh heavily on price action, keeping the broader structure tilted toward a bearishstance. Related Reading Bitcoin Price Recovery Hopes Rise – Can Bulls Push It Past Resistance? 6 days ago
The analyst emphasized that unless Bitcoin achieves a convincing breakout above its ATH, any upward movement from current levels risks being a temporary recovery. In the analyst’s view, such moves could easily turn into a “dead cat bounce,” a short-lived rally that fails to establish sustainable bullish momentum.
Adding to this caution, Alpha Crypto Signal also expressed skepticism about the ongoing altcoin rally, describing it as a potential liquidity trap. According to the expert, market makers could be using this surge to lure retail traders into premature long positions before triggering the next major downward leg. This strategy has been a recurring pattern in past cycles and should not be underestimated by market participants.
Still, the crypto analyst acknowledged that short-term opportunities do exist. The expert emphasized that longing bounces remain a viable strategy, provided traders employ strict stop-losses and maintain disciplined risk management. Presently, the market is in a “trap territory,” which demands precision and caution, trade the moves, but avoid getting caught in setups designed to shake out the unwary. BTC trading at $112,588 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com