Bitcoin is trading near range highs, and this is exactly when higher timeframe consolidations typically break out with increased volatility. The technical setup looks interesting: we're seeing a bullish divergence forming on the 3-day chart. If momentum carries through, we could be looking at a push toward $145k by March. The confluence of price action at these levels combined with the divergence signal suggests traders should pay attention to how support holds over the next few weeks.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin is trading near range highs, and this is exactly when higher timeframe consolidations typically break out with increased volatility. The technical setup looks interesting: we're seeing a bullish divergence forming on the 3-day chart. If momentum carries through, we could be looking at a push toward $145k by March. The confluence of price action at these levels combined with the divergence signal suggests traders should pay attention to how support holds over the next few weeks.