bitcoin2024conference

$BTC Can Drop Up To $76K
Currently $BTC trading at $90K++. Market is looking bullish as white house is going to host first ever crypto summit. But I am bearish here is reason why?

• First we will discuss fundamentals then technicals.

• On 7 March white house is going to host first ever crypto summit and probably announce 0% gain tax on crypto. That is giga bullish news as it can attract more traders.

• On the same side if we look on past data it shows that every bullish news proved bearish. e.g:- ETF approval, Trump Oath, #USCryptoReserve these are examples from recent data.
• So fundamentally we can say that #BTC can bkunce a little bit more most probably up to receng high $95K just to grab liquidity and then again dump.
• Now let's discuss technically:-
• Look on abion above #Bitcoin2024
chart, volume is continuously increasing while BTC is in range of $80K - $90K showing accumulation as it is lower levels according to waves.

• On the same side we have high amount of liquidity/s.l above last high $95K that can be grabbed on 7th march. Once they grabbed maximum long positions will be opened due to of FOMO and crypto summit.

• As FOMO is increasing and becoming reason of long positions opening liquidity below last lows of $81,500 & $78K is increasing continuously. Most probably #Bitcoin! move downward to sweep out these liquidity clusters after sweeping out $95K liquidity mentioned with orange circle.

• In short words BTC can go upto $95K but at the end it will fall to $76K.
• It is what charts and fundamental say here is how we will use them and execute:-
• Personally I will book some profits if BTC hit $95K that I have bought on last$78K dip and still holding some. After selling there I will wait for $76K zone BTC hit that zone and I will buy. Basically $75,700-$77,100 is the main zone from where i will prefer to buy.

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Analysis# #BTC, is the correction enough?