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Bitcoin's Rising Horizon: Embracing the Breakout Journey
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Crypto Currencies

Bitcoin's Rising Horizon: Embracing the Breakout Journey

#222 Navigating New Heights and Celestial Patterns on the Path to $125,000 and Beyond?

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@Fiorente2
Nov 14, 2024
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Bitcoin's Rising Horizon: Embracing the Breakout Journey
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Introduction

In my last update on October 20th on Bitcoin, I assumed a breakout was in the making as Bitcoin was clearly making higher highs and higher lows. It did break out forcefully!

I love these breakouts from a baseline level. The longer it takes to break out of the range-bound move, the higher the price may move.

Bitcoin in USD - Breakout of range bound move

The range in price level itself may be a good indicator of when a square out in price and time may occur. Twice the range in price may be a good start.

In this post, I am looking at past cycles and the planetary ebb and flood of Bitcoin to see where the next change in trend in price and time may occur.

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