🧱 Accumulation Just Below ATH
We’re currently observing a tight consolidation phase, right above the bearish OTE (from the 109K → 74K retracement), and just below Bitcoin’s all-time high.
This is a powerful signal :
📌 Price is holding strong instead of retracing.
📌 Sideways structure in a high zone = strength, not weakness.
📌 This type of accumulation near ATH often precedes an explosive breakout.
🚀 What It Suggests
This current setup implies that BTC is absorbing liquidity, building strength, and likely preparing for a significant leg up, potentially a new all-time high extension.
If the price starts breaking out with volume above the consolidation range :
🎯 110K–115K becomes short-term target zone.
🧭 130K+ possible on longer-term Fibonacci extension levels.
✅ Summary
No sign of weakness.
Consolidating at the top = bullish intent.
Next ATH breakout could be imminent.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.