MY DETAILED $BTC OUTLOOK!
#Bitcoin has leveled off again. So, what’s my take? I’ll quickly walk you through the details.
First of all, our current support level is at $82,000. It’s crucial that this area holds and that we don’t see a new low, because the bullish trend has been ongoing for quite some time. Even a break in this trend on the LTF would trigger negative sentiment.
In addition, there are still significant liquidation pressures. If we see a sharp move down to the $80,000 level, the market will ease up a bit, and upward movements could become more sustainable.
On the upside, I still believe the 90K range is valid. I think the market could continue higher after pricing in the interest rate hike.
DYOR! What are your thoughts? Share them in the comments.
#Bitcoin has leveled off again. So, what’s my take? I’ll quickly walk you through the details.
First of all, our current support level is at $82,000. It’s crucial that this area holds and that we don’t see a new low, because the bullish trend has been ongoing for quite some time. Even a break in this trend on the LTF would trigger negative sentiment.
In addition, there are still significant liquidation pressures. If we see a sharp move down to the $80,000 level, the market will ease up a bit, and upward movements could become more sustainable.
On the upside, I still believe the 90K range is valid. I think the market could continue higher after pricing in the interest rate hike.
DYOR! What are your thoughts? Share them in the comments.
