I'm expecting bitcoin to keep dropping below $100k and possibly fluctuate between $103k down to $98k for a while eventually eventually taking out a point of liquidity around the $92.5k level which could provide a short term retracement back into the $100k levels.
Until the imbalance around the $87k level is tapped I don't see the possibility of Bitcoin making any new ATHs. Even if this imbalance is filled it could only provide short term bullish momentum which would continue to fuel the bears and continue to push the price into low $70k levels.
Until the imbalance around the $87k level is tapped I don't see the possibility of Bitcoin making any new ATHs. Even if this imbalance is filled it could only provide short term bullish momentum which would continue to fuel the bears and continue to push the price into low $70k levels.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.