Bitcoin is holding firm above $68,000 but has yet to break through the critical $69,000 level. After weeks of bullish price action, the market is closely watching for confirmation of a breakout from the seven-month accumulation pattern that has built up significant momentum.

Top analyst Daan recently shared his insights, stating that this breakout is now a reality, fueling optimism among investors.

As Bitcoin continues its climb, many anticipate a small retrace, followed by a strong bounce that could pave the way to challenge the all-time highs around $73,000. The key level to watch remains $69,000, and if BTC can maintain its strength above this price, a surge to new highs seems increasingly likely.

With the market brimming with optimism and the accumulation phase over, investors keep a close eye on upcoming movements, expecting the next big rally to take shape soon. 

Bitcoin Weekly Close Coming Up

Bitcoin is on the verge of closing the week above $68,000, marking its highest weekly close since late July. The market remains bullish, with optimism fueling new targets for the leading cryptocurrency in the coming weeks. 

Top analyst and investor Daan recently shared his technical analysis on X, stating that Bitcoin’s breakout from its previous price channel has been confirmed. “The breakout looks strong after these few daily closes above, and the weekly close is likely to confirm it too,” Daan noted.

As BTC continues to hold its ground, investors are preparing for potential volatility in the weeks ahead, especially with the upcoming election adding an element of uncertainty to the market. Despite this, Daan remains confident, highlighting that the current chart for Bitcoin looks promising, even with the possibility of some short-term turbulence.

The next two weeks will be critical for determining Bitcoin’s

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Author: Sebastian Villafuerte