Bitcoin – What’s Next?
The Big Sunday Report: All We Need to Know
TA / LCA / Psychological Breakdown
Friends, the correction I warned about has arrived, and once again the direction was right. I bought Bitcoin at $60,000 and called for $88K. Before that move unfolded, I explained the sequence clearly: Break $82,500 and the bear is confirmed over, and the move toward $88,000 will be quick. Some days later Bitcoin I reached the $88K target area! But instead of becoming more aggressive on the upside after the move I had anticipated, I started preparing for the opposite direction. I entered a short around $86,200 and outlined additional orders between $86,500 and $89,500. I made my Trade very clear: It is the expectation of a correction within a bull market, not the beginning of another bear market.
And Bitcoin delivered that correction, falling to $80,300. I closed my entire BTC short at $80,600, took the profits and bought more Bitcoin spot at that same price. The short served its purpose, the profits are realized, and my Bitcoin holdings have increased. I am no longer waiting for $79K. My focus has moved to the next leg up. Remember why I opened the short in the first place. In the previous report, I highlighted the daily RSI bearish divergence as my most important warning, alongside MACD/PPO and MFI divergences, while ADX showed weakening trend strength. Those were my reasons to prepare for a pullback after the move into the $88K region.
Now to the important part: my next Bitcoin price target is $94,000! I believe this correction is setting up the next leg of the bull market, and my positioning reflects that view. The $88K area was my previous target, and we saw as well the correction I expected, Now, I call for 94k! To reach $94K, Bitcoin must recover the region where I accumulated the short and push beyond it. Means, Bitcoin needs to show spot demand at 86k instead of distribution, and this time I think we will get the accumulation at 86-89k instead of distribution and thats where resistance becomes support
$BTC
The Big Sunday Report: All We Need to Know
TA / LCA / Psychological Breakdown
Friends, the correction I warned about has arrived, and once again the direction was right. I bought Bitcoin at $60,000 and called for $88K. Before that move unfolded, I explained the sequence clearly: Break $82,500 and the bear is confirmed over, and the move toward $88,000 will be quick. Some days later Bitcoin I reached the $88K target area! But instead of becoming more aggressive on the upside after the move I had anticipated, I started preparing for the opposite direction. I entered a short around $86,200 and outlined additional orders between $86,500 and $89,500. I made my Trade very clear: It is the expectation of a correction within a bull market, not the beginning of another bear market.
And Bitcoin delivered that correction, falling to $80,300. I closed my entire BTC short at $80,600, took the profits and bought more Bitcoin spot at that same price. The short served its purpose, the profits are realized, and my Bitcoin holdings have increased. I am no longer waiting for $79K. My focus has moved to the next leg up. Remember why I opened the short in the first place. In the previous report, I highlighted the daily RSI bearish divergence as my most important warning, alongside MACD/PPO and MFI divergences, while ADX showed weakening trend strength. Those were my reasons to prepare for a pullback after the move into the $88K region.
Now to the important part: my next Bitcoin price target is $94,000! I believe this correction is setting up the next leg of the bull market, and my positioning reflects that view. The $88K area was my previous target, and we saw as well the correction I expected, Now, I call for 94k! To reach $94K, Bitcoin must recover the region where I accumulated the short and push beyond it. Means, Bitcoin needs to show spot demand at 86k instead of distribution, and this time I think we will get the accumulation at 86-89k instead of distribution and thats where resistance becomes support
$BTC