Dip to 100.5k was enough to gain liquidity for $BTC to breakout developing Year VAH3 and make new ATH š Uptrend continues.
As usual we may and should expect pullback to same dynamic SR level for bullish re-test. Green area on my chart correlates with December 5th sell tail top from 5 minutes chart. Pretty wide zone for such timeframe and it had most of volume. So to stay bullish and continue growing fast #Bitcoin should stay above - then it becomes double support.
Unexpected scenario. The one no one expects, which makes it absolutely realistic (even though I don't see it coming yet) - loss of dev Y VAH3 and dump to Daily 20sma. The more days it takes the higher will be sma and less bearish that scenario becomes.
Lines on the chart: šø104460 - week close šø101200 - last week close šø99660 - November high šø96475 - November close šø94982 - developing Q VAH šø90105 - developing Year VAH2 šø77200-80260 - CME Futures gap
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BTC
104,819.82
-2.34%
1.3k
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