🔸Hello guys, today let's review daily price chart for BTC. Previously coming from a strong uptrend and recently overshot 100 000 USD key S/R zone.
🔸Currently price is re-accumulating in range since December 2024, expecting several more weeks of range bound price action before a new strong push.
🔸Expanding triangle formation defined by A/B/C/D/E sequence, mostly complete already, point E pending near 84/86 000 usd.
🔸Check out my other recent idea where I outline primary bullish/bearish catalyst for the BTC price in 2025
🔸Bullish and Bearish Catalysts for Bitcoin in 2025 Overview
🔸Recommended strategy bulls: BUY/HOLD low at/near 84/86K in the re-accumulation range in pullback/consolidation. TP bulls is 150 000 USD in March 2025. good luck traders!
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