Analysis $BTC 06/12/2024
#BTC , this time it surprised, not only because it quickly cleared the liquidity at $90,500, but because it then quickly rose to close within the blue band where it was expected to close.
We had a strong liquidation of many delayed LONGs in that region, but it was still much less than expected for such a violent action. Also in this sense, we were able to verify that #altcoin held the prices well, during that moment of sudden fall of BTC.
If after this strong recovery you still have doubts, whether we will reach $105K, then I don't know what else we need to do.
Today we had the unemployment rate in the US that went from 4.1% to 4.2%, of course the numbers are not scary in difference, but it is enough to put BTC and #altcoin in the upward direction and take us to $105K.
Even with the quick jump in the price of Bitcoin, the RSI still looks good and has more room for us to continue rising from here.
There is not much to observe here, we are in a price discovery and close to Christmas, so things should heat up even more and you should not try to stop it.
Yesterday the BULLS made a mistake by generating that liquidity very close to the current price of the day, but it seems to me that now they have learned their lesson and want the price higher. Note that most of the BULLS are positioning themselves now below $95K, which seems reasonable.
The big BEARS are not standing still either and are starting to leave $105K and head towards $110K, which makes some sense.
Friends, I know that the second attempt is what decides things, but I still believe that we will break $104,300.
Altcoins will skyrocket as soon as this one moves sideways!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
#BTC , this time it surprised, not only because it quickly cleared the liquidity at $90,500, but because it then quickly rose to close within the blue band where it was expected to close.
We had a strong liquidation of many delayed LONGs in that region, but it was still much less than expected for such a violent action. Also in this sense, we were able to verify that #altcoin held the prices well, during that moment of sudden fall of BTC.
If after this strong recovery you still have doubts, whether we will reach $105K, then I don't know what else we need to do.
Today we had the unemployment rate in the US that went from 4.1% to 4.2%, of course the numbers are not scary in difference, but it is enough to put BTC and #altcoin in the upward direction and take us to $105K.
Even with the quick jump in the price of Bitcoin, the RSI still looks good and has more room for us to continue rising from here.
There is not much to observe here, we are in a price discovery and close to Christmas, so things should heat up even more and you should not try to stop it.
Yesterday the BULLS made a mistake by generating that liquidity very close to the current price of the day, but it seems to me that now they have learned their lesson and want the price higher. Note that most of the BULLS are positioning themselves now below $95K, which seems reasonable.
The big BEARS are not standing still either and are starting to leave $105K and head towards $110K, which makes some sense.
Friends, I know that the second attempt is what decides things, but I still believe that we will break $104,300.
Altcoins will skyrocket as soon as this one moves sideways!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
