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Mid-Term Breakout Barrier

Definition

A mid-term breakout barrier is a significant resistance level in the price chart of a digital asset that, if decisively surpassed, could signal the commencement of a sustained upward price movement over several weeks or months. This barrier represents a point where selling pressure has historically overwhelmed buying interest, preventing further price appreciation. A successful breakout above this level often indicates a shift in market sentiment and the potential for a new price discovery phase. Traders and analysts closely monitor these barriers for strategic entry or exit points.