$BTC
The Bulls in Bitcoin are doing a great job here, even with the holiday in the US yesterday, we still managed to keep prices above $90K, and today we spent almost the whole day building support in this area.
Even though we are entering the weekend, I still think it will be an interesting weekend to observe; we might see some quicker movements. Let's see how it goes!
We are still seeing the EMA 100(4H) acting as a fierce resistance in the $92K region, but we should break it soon and go straight to $98K; the structure looks favorable.
The weekly close here has become the new focus of observation, as if the bulls push prices to $94K, they will demonstrate enough strength for us to start a significant recovery in DECEMBER.
It seems that the buyer-side leverage has found a balance, which is good! We will soon see the arrogant SHORTs in trouble!
Is it just me or has institutional interest returned quickly? Look at the Premium on Coinbase! kkkkkkk
THE THOUGHT REMAINS THE SAME:
Even though I like the prices in this region, we still haven’t reached the decision level (in my opinion); I think $98K is where we will have a true decision, so I am patiently waiting for those levels; we should get there by the end of the first or second week of DECEMBER.
Bitcoin's Dominance has surged along with it, which has diminished the strengths of altcoins, but that should change soon, and Altcoins should surge more quickly, making a recovery much stronger than BTC, naturally.
If you are positioning yourself for the end of the cycle this year or in 2026, then you will be dramatically wrong.
Keep an eye on $98K; that's where things happen. We will get there!
The Bulls in Bitcoin are doing a great job here, even with the holiday in the US yesterday, we still managed to keep prices above $90K, and today we spent almost the whole day building support in this area.
Even though we are entering the weekend, I still think it will be an interesting weekend to observe; we might see some quicker movements. Let's see how it goes!
We are still seeing the EMA 100(4H) acting as a fierce resistance in the $92K region, but we should break it soon and go straight to $98K; the structure looks favorable.
The weekly close here has become the new focus of observation, as if the bulls push prices to $94K, they will demonstrate enough strength for us to start a significant recovery in DECEMBER.
It seems that the buyer-side leverage has found a balance, which is good! We will soon see the arrogant SHORTs in trouble!
Is it just me or has institutional interest returned quickly? Look at the Premium on Coinbase! kkkkkkk
THE THOUGHT REMAINS THE SAME:
Even though I like the prices in this region, we still haven’t reached the decision level (in my opinion); I think $98K is where we will have a true decision, so I am patiently waiting for those levels; we should get there by the end of the first or second week of DECEMBER.
Bitcoin's Dominance has surged along with it, which has diminished the strengths of altcoins, but that should change soon, and Altcoins should surge more quickly, making a recovery much stronger than BTC, naturally.
If you are positioning yourself for the end of the cycle this year or in 2026, then you will be dramatically wrong.
Keep an eye on $98K; that's where things happen. We will get there!