$BTC
$77k-$79k liquidity cluster swept ✔️
As expected, we first saw the anticipated bounce from the ascending trendline, followed by a sweep of the local highs.
Shortly after, price sold off aggressively, breaking below our key level around $80k and tapping into the lows of the previous range.
This is the area BTC now needs to hold. Otherwise, a deeper pullback into the low $70k region or even towards the previous ATH at $69k becomes possible.
I’m expecting this area to hold, which is why my overall thesis hasn’t changed.
I still think we’ll see BTC trading above $90k this year, but for now, we just have to endure this capitulation. #BTC Price Analysis# #Macro Insights#
$77k-$79k liquidity cluster swept ✔️
As expected, we first saw the anticipated bounce from the ascending trendline, followed by a sweep of the local highs.
Shortly after, price sold off aggressively, breaking below our key level around $80k and tapping into the lows of the previous range.
This is the area BTC now needs to hold. Otherwise, a deeper pullback into the low $70k region or even towards the previous ATH at $69k becomes possible.
I’m expecting this area to hold, which is why my overall thesis hasn’t changed.
I still think we’ll see BTC trading above $90k this year, but for now, we just have to endure this capitulation. #BTC Price Analysis# #Macro Insights#
