🚀 Boom! $BTC is climbing and reaching the $86,000 level again.
Most likely, I think Bitcoin could keep rising from here and sweep the highs it made over the past few days, triggering liquidations of short positions.
This is the scenario I currently see as most likely, but I still believe the market needs a sharp drop and correction before any sustained rally. A downward wave is coming that will wipe everyone out. I don’t think we’ll rise this easily without liquidating traders who have been trying to buy over the past few weeks.
The $87,800–$88,400 zone is an important resistance level for me, and it could reject the current move.
So be careful, because the scenario could change quickly. 👀
$BTC
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