🚀 Boom $BTC rises and reaches again the 86,000$ level.
Most likely, I see that Bitcoin can continue its upward move from here and pull the peaks it formed during the past few days—along with it, we’ll see liquidations of stop-losses on short positions.
This is the scenario I currently consider the most likely, but I still hold on to my expectation that the market needs a strong drop and correction before any continued rise. A downward wave is coming that will wipe everyone out; I don’t think we’ll climb this easily without liquidations for traders trying to buy over the past weeks.
For me, the 87,800–88,400$ zone is an important resistance, and it may reject the current move.
So pay attention, because the scenario can change fast. 👀
Most likely, I see that Bitcoin can continue its upward move from here and pull the peaks it formed during the past few days—along with it, we’ll see liquidations of stop-losses on short positions.
This is the scenario I currently consider the most likely, but I still hold on to my expectation that the market needs a strong drop and correction before any continued rise. A downward wave is coming that will wipe everyone out; I don’t think we’ll climb this easily without liquidations for traders trying to buy over the past weeks.
For me, the 87,800–88,400$ zone is an important resistance, and it may reject the current move.
So pay attention, because the scenario can change fast. 👀
