As Bitcoin (CRYPTO: BTC) reclaimed the $84,000 level on Friday, traders and technical analysts are discussing the impacts of the bullish market structure break on price action.
What Happened: Prominent trader Ansem on Thursday on X emphasized that multi-month range breaks are crucial in technical analysis, as they often signal major trend shifts.
Price moves in three phases: uptrend, sideways range (accumulation or distribution), or downtrend.
In bull markets, assets break out from accumulation zones after strong …
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