Bitcoin could bounce from 100K to 92K

2 Oca

Bitcoin is consolidating, but within the framework of correction. This phase may last for quite a long time, as the market is waiting for Trump's inauguration and politicians' actions. Disappointment may lead to a deeper correction, for example to 70K, and positive preconditions will become a bullish driver.

Scenario: price has no direction, market is neutral, in consolidation, but globally we have a bullish trend.
Since we have no direction and a sideways range is forming, we can trade from its boundaries.
It is worth paying attention to 92K and 100K - the consolidation boundaries.

Idea: Accordingly, now the price is heading towards the resistance and there is no reason to break it. We are waiting for a false breakdown and further fall to 92K

8 Oca

İşlem aktif

False break of resistance provokes strong selling

9 Oca

İşlem kapandı: hedefe ulaştı

92K reached