What do you mean by "next major trend is soon to start"? This statement can be interpreted as referring to both an upward and a downward trend.
As long as the price remains above $83,000 or below $96,000, it will likely remain stable within that price range.
Hehe yup, I find it funny to see people giving this kind of 'doesn't really mean anything' kinda analysis. And what is a major trend for them? 10%? 20%? Cause there has not been for a long time a big 20+ % move of a sudden for a long time now.
83-96 is about 15+% and that is considered super normal for BTC honestly.
The next major trend that they meant could be a resistance break out that could be a sign for another leg up and rally. The sideways around 15% range is definitely like a monday stroll in crypto.
But when the price suddenly break out, this means something might be going on soon e.g major trend reversal.
That's what I understand from most of people here. I personally follow this style of trading too because identifying break out is easy.
