$BTC 27/10/2025
Bitcoin continues to follow the plan perfectly here, we recovered the $109K as I mentioned and then jumped to $116K which was the short-term target.
We are currently seeing a price rejection, which is quite understandable as many SHORTs are accumulated here and as soon as we break this, over $1B in SHORT liquidations are expected to occur, the BEARS are terrified.
Although I like the idea of continuing upwards from here, I don't believe it is the most likely or best course of action, I think a return to the yellow range on the chart, around $112k/ $113K is the most appropriate here. Next up is where the EMA 200/ 100 is, we would like to see some reaction from the bulls there and it would demonstrate strength.
The ball is back in Powell's court again on WEDNESDAY, so a pullback is no surprise here, and it would even be natural. Let's see what he gives us.
Let's keep the game simple here:
The yellow range on the chart is maintained and then we will go for a new ATH in November as I have already mentioned several times (since the chaos was here).
If you are on the sidelines, then you want to wait for $116K to be broken clearly before taking action.
While most are pessimistic, I am not... and it is not stubbornness or denial, it is the opposite of that.
New ATH in November!
Bitcoin continues to follow the plan perfectly here, we recovered the $109K as I mentioned and then jumped to $116K which was the short-term target.
We are currently seeing a price rejection, which is quite understandable as many SHORTs are accumulated here and as soon as we break this, over $1B in SHORT liquidations are expected to occur, the BEARS are terrified.
Although I like the idea of continuing upwards from here, I don't believe it is the most likely or best course of action, I think a return to the yellow range on the chart, around $112k/ $113K is the most appropriate here. Next up is where the EMA 200/ 100 is, we would like to see some reaction from the bulls there and it would demonstrate strength.
The ball is back in Powell's court again on WEDNESDAY, so a pullback is no surprise here, and it would even be natural. Let's see what he gives us.
Let's keep the game simple here:
The yellow range on the chart is maintained and then we will go for a new ATH in November as I have already mentioned several times (since the chaos was here).
If you are on the sidelines, then you want to wait for $116K to be broken clearly before taking action.
While most are pessimistic, I am not... and it is not stubbornness or denial, it is the opposite of that.
New ATH in November!