A lot of you have been asking about the next move for $BTC
Here’s how I’m looking at it:
It’s the weekend, so I wouldn’t expect extremely aggressive volatility today or tomorrow. The real action could start once the new week begins.
If this entire pump is genuine and the bullish structure remains intact, I’d want to see BTC hold above the $74.6K area after a retracement and then potentially push toward or above $80K.
But there’s another possibility.
If this entire move is simply an upside liquidity hunt, BTC could reverse hard and spend the next few months slowly bleeding lower while targeting downside liquidity below $58K.
Right now, both scenarios are possible. We don’t know which one the market will choose.
So instead of pretending to know the future, let’s watch the price action and enjoy the chaos. 😂
Crypto can be extremely strange sometimes.
Here’s how I’m looking at it:
It’s the weekend, so I wouldn’t expect extremely aggressive volatility today or tomorrow. The real action could start once the new week begins.
If this entire pump is genuine and the bullish structure remains intact, I’d want to see BTC hold above the $74.6K area after a retracement and then potentially push toward or above $80K.
But there’s another possibility.
If this entire move is simply an upside liquidity hunt, BTC could reverse hard and spend the next few months slowly bleeding lower while targeting downside liquidity below $58K.
Right now, both scenarios are possible. We don’t know which one the market will choose.
So instead of pretending to know the future, let’s watch the price action and enjoy the chaos. 😂
Crypto can be extremely strange sometimes.