ATTENTION! Why will $BTC rise to 91k before dropping?
As I mentioned in a previous analysis, bitcoin is bouncing from the most recent low at 80.6k, trying to recover to 91k, which is the area where the largest number of leveraged positions are located, as shown in the heat map. The more yellow, the greater the number of people; that area acts like a magnet, so the price rises to seek liquidity and then drops to liquidate all those positions. I advise you that if the price reaches 91k, do not open any long positions. What do you think about all this? Do you believe bitcoin is already in a bearish cycle? Do you think we will see it above 100k this year? I am very interested in your opinions; please comment on your analysis.
As I mentioned in a previous analysis, bitcoin is bouncing from the most recent low at 80.6k, trying to recover to 91k, which is the area where the largest number of leveraged positions are located, as shown in the heat map. The more yellow, the greater the number of people; that area acts like a magnet, so the price rises to seek liquidity and then drops to liquidate all those positions. I advise you that if the price reaches 91k, do not open any long positions. What do you think about all this? Do you believe bitcoin is already in a bearish cycle? Do you think we will see it above 100k this year? I am very interested in your opinions; please comment on your analysis.