Bitcoin is about to reach 95,000
The large accumulation range on the daily chart has been forming for around 260 days, with most of the positions building up here. The big players have gone to great lengths to push the price up and break out of this range, so they won't let it fall back below easily. After the strong breakout candle on September 21, the pullback is an opportunity to go long.
Looking at the lower time frame, there was a high-volume upside breakout on the 15-minute chart at 9:30 last night, but the bears quickly pushed the price back down, luring many people into shorting. The big players won't let those who shorted there off the hook.
As for why 95,000 is the first target: on the weekly chart, it's the starting point of the second push in a typical three-push pattern. I'll let time validate my view. Be patient and wait. #BTC
The large accumulation range on the daily chart has been forming for around 260 days, with most of the positions building up here. The big players have gone to great lengths to push the price up and break out of this range, so they won't let it fall back below easily. After the strong breakout candle on September 21, the pullback is an opportunity to go long.
Looking at the lower time frame, there was a high-volume upside breakout on the 15-minute chart at 9:30 last night, but the bears quickly pushed the price back down, luring many people into shorting. The big players won't let those who shorted there off the hook.
As for why 95,000 is the first target: on the weekly chart, it's the starting point of the second push in a typical three-push pattern. I'll let time validate my view. Be patient and wait. #BTC