I used to find it hard to believe in a six-figure BTC price, but this time, the finish line is so close—100K is no longer just a dream.
Some specific moves might bring increased volatility, causing the price to pull back. Despite BTC's upward momentum, I’m starting to anticipate some corrections. This is because BTC needs more volume to push towards 100K. In...
BTCUSDT is likely forming a clear inverted head and shoulders on the smaller timeframe. As this chart pattern develops, the price could break above the neckline. However, there are two key level zones (a fibonacci cluster from the mid-timeframe) around 88K.
IF 88K breaks upwards it could lead to a new ATH, potentially around 95K. But, IF the price faces...
It looks like BTCUSDT is setting up for a massive correction. There are signs indicating a potential correction, such as a reversal pattern and divergence signaling low volume.
The falling wedge is still holding the price, but it may break down to its support level. Indicators are favorable for a corrective wave; we’re just waiting for the breakdown to move...
NOTE: This is pure price action analysis.
A new ATH has just been hit, and since it’s likely to reach another ATH, I assume BTC will correct around 68-70K, as that’s a potential support level to lock in before the next upward wave. The parallel channel indicates a move down to retest some trend lines and find solid support.
Based on indicators, there’s...
A key level bounce point for BTC at 68,250 could potentially drive the price to around 70,000-71,000 within a few days, especially as the US election concludes at 18:00 EST. However, be cautious of a potential bull trap rally. IF Trump wins, the price could break above 71,000. Conversely, IF Kamala wins, the price may be rejected around the 70,000 level. As...
