Bitcoin Above Key Trendline But Below ATH – Is The Next Rally Loading?

Bitcoin’s recent price action has positioned the cryptocurrency at a pivotal ￰0￱ 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 rally finally loading? Bitcoin Breaks Long-Term Trendline: A Familiar Cycle Signal CryptoELITES, a seasoned crypto analyst, recently revealed a highly bullish perspective on Bitcoin’s recent price ￰1￱ 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 ￰2￱ Reading: Bitcoin Finds Crucial Support On Bull Market Band — Will Momentum Hold Following this breakout, Bitcoin has entered a consolidation ￰3￱ pattern is particularly noteworthy because it mirrors the behavior seen in previous market ￰4￱ post-breakout consolidation has historically served as a precursor to much larger price ￰5￱ on this historical precedent and the current chart pattern, the analyst is confident that a major move is on the ￰6￱ 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 ￰7￱ a recent update, Alpha Crypto Signal pointed out that BTC is still facing strong rejection at a key horizontal resistance zone on the daily ￰8￱ resistance continues to weigh heavily on price action, keeping the broader structure tilted toward a bearish ￰9￱ Reading: Bitcoin Price Recovery Hopes Rise – Can Bulls Push It Past Resistance?

The analyst emphasized that unless Bitcoin achieves a convincing breakout above its ATH, any upward movement from current levels risks being a temporary ￰10￱ the analyst’s view, such moves could easily turn into a “dead cat bounce,” a short-lived rally that fails to establish sustainable bullish ￰11￱ to this caution, Alpha Crypto Signal also expressed skepticism about the ongoing altcoin rally, describing it as a potential liquidity ￰12￱ to the expert, market makers could be using this surge to lure retail traders into premature long positions before triggering the next major downward ￰13￱ 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 ￰14￱ 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 ￰15￱ image from Pixabay, chart from ￰16￱