will drop to 85 by Christmas and reverse after the inauguration.
LIVE
proAndy
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Do you think we are moving towards $85,000 or is it a reversal?
$BTC fell by 14.88% — from $108,353 to $92,232 in three days — and is now at the first strong support. I call it "the first stop", by analogy with the train. This has already led to a small rollback. Yesterday's scenario remains relevant.
In my opinion, at each such stop it is worth taking a closer look at promising altcoins: $SUI , $ETH , ADA, HBAR, LINK, AVAX, TWT, SEI and others. These coins are suitable for long-term storage on the spot and can give good X's in the future. Again, there are no guarantees.
However, as they say, a sword has two edges. There are still several support zones ahead, and an upward reversal is possible at each of them. Especially if longs begin to actively protect their positions from liquidation.
It is difficult to predict, especially on a pre-holiday Friday. Many major players, analysts and traders are already in the mood for rest, which can affect the market dynamics. Trade wisely and earn!
#BTC #BTCNextMove
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