$BTC The local bottom might actually be in.
Price has now officially reclaimed the range lows and is continuing to find acceptance above them.
On LTF, BTC has already printed a higher low and is now close to forming a higher high as well.
From here, I believe a continuation into the $85k region is very likely, as this is also where most of the short-term liquidity currently sits.
If bullish momentum is strong enough to push through that level, we could then see a continuation back toward the highs around $87k.
A rejection there, on the other hand, would keep BTC range-bound for now. #BTC Price Analysis# #Macro Insights#
Price has now officially reclaimed the range lows and is continuing to find acceptance above them.
On LTF, BTC has already printed a higher low and is now close to forming a higher high as well.
From here, I believe a continuation into the $85k region is very likely, as this is also where most of the short-term liquidity currently sits.
If bullish momentum is strong enough to push through that level, we could then see a continuation back toward the highs around $87k.
A rejection there, on the other hand, would keep BTC range-bound for now. #BTC Price Analysis# #Macro Insights#
