Bitcoin analysis for the last quarter of the year
Analysis across the following timeframes
1W-1M-3M-6M-12M
The weekly bullish structure was altered and then reclaimed once again at 83,000
The monthly and other higher timeframes remain bullish and consolidated
The latest drop to the low of 57,758 was a test of the monthly level, and price bounced successfully off that level to the millimeter
Liquidity below is protected and not targeted; price is only allowed to drop as far as 69,000
Liquidity above 85,000 is unprotected and targeted. It is considered an aggressive monthly IDM zone, and institutions are bound to target it
The 90,200 and 93,000 zones are reversal areas where we may see strong pullbacks
Price is now retesting old order flow zones with institutional orders that need mitigation and reinforcement. This zone also coincides with weekly and monthly OTE zones
and several POIs based on ICT
My view, in short, is that price is heading up to 90,000 with no obstacles along the way, unless there is news or negative market developments
This is a personal opinion and not a recommendation of any kind
$BTC $BTC $BTC
Analysis across the following timeframes
1W-1M-3M-6M-12M
The weekly bullish structure was altered and then reclaimed once again at 83,000
The monthly and other higher timeframes remain bullish and consolidated
The latest drop to the low of 57,758 was a test of the monthly level, and price bounced successfully off that level to the millimeter
Liquidity below is protected and not targeted; price is only allowed to drop as far as 69,000
Liquidity above 85,000 is unprotected and targeted. It is considered an aggressive monthly IDM zone, and institutions are bound to target it
The 90,200 and 93,000 zones are reversal areas where we may see strong pullbacks
Price is now retesting old order flow zones with institutional orders that need mitigation and reinforcement. This zone also coincides with weekly and monthly OTE zones
and several POIs based on ICT
My view, in short, is that price is heading up to 90,000 with no obstacles along the way, unless there is news or negative market developments
This is a personal opinion and not a recommendation of any kind
$BTC $BTC $BTC
