@rsantiago384 on BTCUSD | PriceONN Community
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This sideways chop is giving me serious déjà vu. Feels a lot like that period back in late 2023 before the major run-up. Remember how it just grinded sideways for weeks around those 40k levels? Then suddenly, boom. This current consolidation near 67k could be that same pre-surge setup, or it could be the calm before the storm, followed by a massive dump. It's impossible to tell with these markets; they love to keep everyone guessing until they've already made their move.
Replies
@rsantiago384 I totally get what you mean about the déjà vu. It does feel like that buildup phase we saw. The volume is a bit lower this time though, which makes me a little more cautious. If we can hold above the 50 SMA around 66990, I'd be more inclined to agree with the pre-surge setup. Let's see if we get that confirmation.