🤔📊 Why This Breakout Feels Like $29K and $48K – Big Moves Ahead? 🚀📈
Hey everyone! It’s Saturday, July 12th, and while the markets take a breather, it’s the perfect moment to zoom out and assess the bigger picture. Are we in for another retail weekend surge?
Let’s break it down 🔍👇
After closely analyzing the charts, one thing becomes clear — this breakout is structurally similar to the previous key breakouts at $29K and $48K. In both historical cases, price surged significantly without immediately retesting the breakout level.
➡️ Back in 2020, price exploded +144% above the yellow level before ever coming back to test it.
➡️ At $48K, a similar move of +49% occurred before signs of exhaustion and a retest emerged.
Fast forward to today: We've just broken above a massive ascending support zone — $114,921–$115K — and the market shows no intention of pulling back yet. This tells us something powerful: Momentum is in control.
💡 According to my technical roadmap, we may not see a retest of $115K anytime soon. Instead, the next target zone lies around $182K–$189K, depending on velocity and sentiment. With halving-to-ATH cycles historically lasting ~550 days, we’re well within that bullish window.
Remember the channel support/last entry right after the Iran-Israel ceasefire on June 23rd? That’s been a defining entry and it’s still playing out beautifully. So we wish for geopolitical stability and peace.
So, while it’s easy to feel left out — don’t short, don’t sulk. This may be our moment to ride the wave long. 🎯📉📈
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
Hey everyone! It’s Saturday, July 12th, and while the markets take a breather, it’s the perfect moment to zoom out and assess the bigger picture. Are we in for another retail weekend surge?
Let’s break it down 🔍👇
After closely analyzing the charts, one thing becomes clear — this breakout is structurally similar to the previous key breakouts at $29K and $48K. In both historical cases, price surged significantly without immediately retesting the breakout level.
➡️ Back in 2020, price exploded +144% above the yellow level before ever coming back to test it.
➡️ At $48K, a similar move of +49% occurred before signs of exhaustion and a retest emerged.
Fast forward to today: We've just broken above a massive ascending support zone — $114,921–$115K — and the market shows no intention of pulling back yet. This tells us something powerful: Momentum is in control.
💡 According to my technical roadmap, we may not see a retest of $115K anytime soon. Instead, the next target zone lies around $182K–$189K, depending on velocity and sentiment. With halving-to-ATH cycles historically lasting ~550 days, we’re well within that bullish window.
Remember the channel support/last entry right after the Iran-Israel ceasefire on June 23rd? That’s been a defining entry and it’s still playing out beautifully. So we wish for geopolitical stability and peace.
So, while it’s easy to feel left out — don’t short, don’t sulk. This may be our moment to ride the wave long. 🎯📉📈
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
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🧠 Free FXPROFESSOR AI on ChatGPT
🔧 Top tools to level UP your trading
💹 Best crypto, forex & stock deals
📣 Telegram: t.me/fxprofessor88
💥 I don’t follow trends. I build the tools to catch them!
Related publications
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.
🌍 All in one place → fxprofessor.com
🧠 Free FXPROFESSOR AI on ChatGPT
🔧 Top tools to level UP your trading
💹 Best crypto, forex & stock deals
📣 Telegram: t.me/fxprofessor88
💥 I don’t follow trends. I build the tools to catch them!
🧠 Free FXPROFESSOR AI on ChatGPT
🔧 Top tools to level UP your trading
💹 Best crypto, forex & stock deals
📣 Telegram: t.me/fxprofessor88
💥 I don’t follow trends. I build the tools to catch them!
Related publications
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.