$BTC Looks Strong. $83K This Week? Possible. Not paid yet. đ
Monday tape: $81.6Kâ$81.8K. High near $81.8K. $80K held the weekend. Thatâs the signal. Not $83K yet.
Can it hit $83K this week?
Yes â if two things stay true:
$80K does not break on the first US session red candle. ETF bid continues. Friday was +$433M. The whole week before that was basically flat. One squeeze day is not a regime.
Path: $82.2K (Sep 3 high) first. Then $83K. Thatâs ~1.5â2% from here. Doable in a squeeze. Sellers have rejected $83K since late August. A wick is easy. A daily close above $83K is the real tell.
Is the market bullish now?
Constructive. Not âall-in bull.â
What flipped:
⢠$75K held through CLARITY fail + Fed hike
⢠CFTC draft + SEC exemption
⢠Shorts flushed through $80K
⢠Weekend did not give it back
What is not flipped:
⢠Still below the $82â83K supply shelf
⢠ETF week was only barely green
⢠Alts follow BTC â they donât lead until $83K closes
The Setup:
Bullish while $80K holds. Target $82.2K â $83K. Invalidation: daily close back under $80K, then $76K is live again.
Donât call it a new cycle on a Monday grind. Call it a range that finally has a floor.
#BTC #bitcoin #crypto
Not financial advice.
Monday tape: $81.6Kâ$81.8K. High near $81.8K. $80K held the weekend. Thatâs the signal. Not $83K yet.
Can it hit $83K this week?
Yes â if two things stay true:
$80K does not break on the first US session red candle. ETF bid continues. Friday was +$433M. The whole week before that was basically flat. One squeeze day is not a regime.
Path: $82.2K (Sep 3 high) first. Then $83K. Thatâs ~1.5â2% from here. Doable in a squeeze. Sellers have rejected $83K since late August. A wick is easy. A daily close above $83K is the real tell.
Is the market bullish now?
Constructive. Not âall-in bull.â
What flipped:
⢠$75K held through CLARITY fail + Fed hike
⢠CFTC draft + SEC exemption
⢠Shorts flushed through $80K
⢠Weekend did not give it back
What is not flipped:
⢠Still below the $82â83K supply shelf
⢠ETF week was only barely green
⢠Alts follow BTC â they donât lead until $83K closes
The Setup:
Bullish while $80K holds. Target $82.2K â $83K. Invalidation: daily close back under $80K, then $76K is live again.
Donât call it a new cycle on a Monday grind. Call it a range that finally has a floor.
#BTC #bitcoin #crypto
Not financial advice.
