$BTC MAJOR BREAKOUT!
As I’ve been saying over and over again for the past couple of weeks during Bitcoin’s neutral consolidation range, once we broke out above the May local highs at $82.8k, we would see a MAJOR breakout.
Well, this is EXACTLY what we have now seen, with price pumping all the way to my first target of $86k after the breakout above $82.8k!
The next level of major resistance on the charts is between $86k and $90k, where we can expect some consolidation below before moving higher through those levels.
If you had been paying attention to any of my posts, then this move would be no shock, as it’s a direct result of the breakout from our May local highs. I’ll keep you all updated as price action continues to develop.
$BTC HTF outlook:
One of two very volatile moves WILL be coming for $BTC very soon.
A break above the May local highs at $82.8k would result in a MASSIVE move higher, likely into $86k-$90k, similar to the move we saw when $67k was broken weeks ago.
Likewise, if we fail to break through the May local highs and continue to see rejections, a move to retest $67k would be very likely.
$BTC is still trying to break through resistance… 👀
After price rallied with extreme strength into the top of our neutral range and into resistance, we have since seen the bears clearly show strong sell pressure at this level, as the bulls are struggling to get price above $82k.
This goes to show even more that the final LTF and HTF line in the sand around $81k-$82.8k is more important than ever and is the last chance for the bears to try and push price lower, back below our neutral range.
Once we see a breakout of our neutral range with a strong surge in volume, we will very likely see a VERY aggressive move into $86k and even as high as $90k, which would undeniably prove that a new macro uptrend has begun.
But until we break through this resistance zone, there is still always the possibility of rejections back to the bottom of Bitcoin’s neutral range. Keep a close eye on this level, as we could see some volatility near tonight’s weekly candle close!
@TreeNewsFeed Japan never forgot Hachikō. Now @HACHIKOinu_RBH carries his story through $HACHI the solid Gem
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base:0xfb31f85a8367210b2e4ed2360d2da9dc2d2ccc95 has now seen its LARGEST breakout since the beginning of January this year!
After the MASSIVE announcement a few days ago regarding $EDEL joining the DTC Digital Assets Solution Industry Working Group, we have seen by far the largest rally of this entire year.
$EDEL has reclaimed a $19M market cap and has pumped over 190% in just the past week! I genuinely cannot say enough good things about this project and this team.
This is only the beginning of what $EDEL has in store this year. ATHs are going to get absolutely BLASTED through in no time.
@edeldotfinance
$BTC has officially broken down from its daily RSI uptrend… 👀
Just like I mentioned in my post two days ago, both the $76k level of strong support AND the daily RSI uptrend had very strong confluence as MTF support.
As I mentioned, a breakdown of the daily RSI would very likely result in a breakdown of $76k, which is now exactly what we have seen happen with yesterday’s daily close.
The odds of an MTF correction into $70k and even as low as the mid $60ks are now very much on the table. The bulls are still fighting to hold price above $75k, but this level holding for much longer is not highly likely.
Keep a close eye on the next few daily candle closes, as the bulls still have the opportunity to print a deviation setup and push price back above $76k.
$EDEL is starting to move once again...
They just announced that they joined the DTCC Digital Assets Solutions working group alongside BlackRock, JPMorgan, Goldman Sachs, NYSE and many other members.
Pretty big move for a project focused on tokenized finance.
DTCC’s tokenization service is expected to launch in Q4 2026, and $EDEL is now helping define the work leading up to it.
Keep an an out on $EDEL for an entry point if you haven't already!