#bitcoin - price update:
Not much more to say than yesterday.
I think prices are continuing to consolidate in preparation for another bullish breakout! 📈
💡Big resistance to break:
92,000 and the downtrend!
A break of $92,000 should logically lead to a further rise towards the resistance level of $96,000, which corresponds to the top of the trendline (see previous analyses).
💡Important support to watch out for:
89,000 - 88,500$ zone & the triangle trend!
As long as prices consolidate above them, the bullish scenario should come true!
Beware, however, we're not immune to a major unexpected correction, as the daily zone is very overbuy, and prices could easily fall back to 84,000 or even 80,000 if the main H4 trend is broken! (Blackswan event??? 😳🥶)
However, as I already explained, I think a final pump towards $96,000 is going to have a big downward correction possible!📈
[I don't show all setups & views].
