Bitcoin has smashed through $87K, marking a massive 16% surge in the last 24 hours! This powerful rally showcases BTC's momentum, with a quick rebound from 77K to an all-time high.
š Long-Term Insight: Prepare for a Cooldown?
With Bitcoin now in an overbought zone on the monthly chart, analysts anticipate a possible correction by January, potentially dropping to the 65K region.
This cooldown could offer strategic buying opportunities for those ready to capitalize on the volatility ahead.
šÆ Short-Term Targets: Eyes on 93K and 103K
If $BTC holds above 86K, next short-term targets are at 93K and 103K.
However, there's a chance (5%) of a retracement to 77K, providing a potential rally entry.
ā ļø Precautions:
1. Avoid heavy buying at these peak levels.
2. Look for a possible pullback towards 60K in the coming months.
3. Set careful stop-losses to safeguard against sudden market dips.
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