#btcbreaks80k
Is Bitcoin heading for $90K — or is the real bottom still pending?
I’ll be honest: I got the last short squeeze wrong. I was leaning the other way, watching the fundamentals and technicals closely, expecting the market to crack.
But BTC didn’t.
The CLARITY Act setback didn’t trigger the major correction I expected. The Fed raised rates, yet BTC recovered. The BOJ raised rates to 1.25%, its highest level in 31 years, and BTC pushed back above $80K.
That taught me something important: expected news can already be priced in. Price action still matters.
On the higher timeframe, I’m seeing a different picture. BTC has already produced a monthly market-structure break, although the weekly structure still needs confirmation.
My scenario is a sweep toward $82.4K, followed by a correction into the $72.5K–$69K area. Those zones also line up with my 0.5–0.618 Fibonacci levels.
If BTC holds that structure, I’ll be watching for the next higher high.
The other chart I’m watching closely is USDT dominance. A clean BTC breakout through the $82K–$83K area could coincide with a major breakdown in USDT dominance.
That’s my current read. What are you watching — $90K first, or another deeper correction?
$BTC
#bitcoin #BTCBreaks80K
Is Bitcoin heading for $90K — or is the real bottom still pending?
I’ll be honest: I got the last short squeeze wrong. I was leaning the other way, watching the fundamentals and technicals closely, expecting the market to crack.
But BTC didn’t.
The CLARITY Act setback didn’t trigger the major correction I expected. The Fed raised rates, yet BTC recovered. The BOJ raised rates to 1.25%, its highest level in 31 years, and BTC pushed back above $80K.
That taught me something important: expected news can already be priced in. Price action still matters.
On the higher timeframe, I’m seeing a different picture. BTC has already produced a monthly market-structure break, although the weekly structure still needs confirmation.
My scenario is a sweep toward $82.4K, followed by a correction into the $72.5K–$69K area. Those zones also line up with my 0.5–0.618 Fibonacci levels.
If BTC holds that structure, I’ll be watching for the next higher high.
The other chart I’m watching closely is USDT dominance. A clean BTC breakout through the $82K–$83K area could coincide with a major breakdown in USDT dominance.
That’s my current read. What are you watching — $90K first, or another deeper correction?
$BTC
#bitcoin #BTCBreaks80K
