🔥 After catching the bottom of the uptrend, here’s what I expect for Bitcoin in the coming days!
$BTC bounced off the 50 EMA on the daily chart, just as planned. Honestly, I think it has successfully formed a strong bottom for what could be a very powerful move upward, but I won’t rely on that alone.
As I said before, we’re facing a battle between $80,000, where buying pressure is concentrated, and $84,000, where selling pressure is concentrated.
📊 We’re currently at the sellers’ line of defense. The most likely scenario I see is a short squeeze that sweeps up sellers’ liquidity around last week’s high, followed by a drop in price. So I recommend securing some profits if we see a sharp move over the next few hours.
If the market wants to continue climbing, Bitcoin needs to hold above $84,000 without losing that level. If it does, I’ll tell you: get ready for a return to $87,000.
Personally, I’m still holding some positions I entered near the $80,000 bottom to ride the longer-term uptrend, such as $MIRA and $VIRTUAL , among others, if the continuation scenario plays out.
Let’s watch how price reacts at $84,000, because that’s the level that will determine the next move. 👀
$BTC bounced off the 50 EMA on the daily chart, just as planned. Honestly, I think it has successfully formed a strong bottom for what could be a very powerful move upward, but I won’t rely on that alone.
As I said before, we’re facing a battle between $80,000, where buying pressure is concentrated, and $84,000, where selling pressure is concentrated.
📊 We’re currently at the sellers’ line of defense. The most likely scenario I see is a short squeeze that sweeps up sellers’ liquidity around last week’s high, followed by a drop in price. So I recommend securing some profits if we see a sharp move over the next few hours.
If the market wants to continue climbing, Bitcoin needs to hold above $84,000 without losing that level. If it does, I’ll tell you: get ready for a return to $87,000.
Personally, I’m still holding some positions I entered near the $80,000 bottom to ride the longer-term uptrend, such as $MIRA and $VIRTUAL , among others, if the continuation scenario plays out.
Let’s watch how price reacts at $84,000, because that’s the level that will determine the next move. 👀