The BTC price reached $94,525, but there is still no clarity regarding the nearest prospects.

The BTC price reached $94,525, but there is still no clarity regarding the nearest prospects. Specifically, in terms of the prospects to test $100,000 before a range/correction for a couple of weeks. Although the idea of a Head and Shoulders pattern has been completely invalidated and shattered into atoms.

Overall, the expectations for the coming weeks remain the same - a range/correction, where in the best-case scenario for bears, we expect to see the area of $85,000. As for the maximum, it will either be the current high or $100,000-$102,000. At the same time, altcoins, led by #ETH, are already hinting that in the scenario of range and recoveries of BTC, they will rise more actively.

For #BTC, the impulsiveness of today's entire movement is concerning for the continuation of the correction from the current levels. It forces the consideration of a long squeeze scenario.

The volatility of BTC yesterday and today is such that the targets are being hit well and precisely according to the indicator not only on the 15-minute timeframe but also on the 30-minute timeframe.

In the 30-minute timeframe, the price almost reached the additional targets from the 2-hour and 4-hour timeframes. Moreover, for the 2-hour targets, it reached the third (last) one. The asset tested the oversold zone on this timeframe. At the same time, the 200 EMA of the 4-hour timeframe was tested, which hasn't been touched since November 6.

Additionally, there is currently a Strong signal for a potential low on the 30-minute timeframe, and a bounce is happening. However, until the price returns above the level of $96,670 (around the 0.5 Fibonacci level of today's decline) - it's just a bounce. In general, until we consolidate above the level of $97,553, it makes no sense to talk about a move to $100,000. From this level up to $98,433 is a dense volume zone.

All of today's movement occurred amid still declining volatility index of #BTC price. It approached the 200 EMA on the daily chart as support, and there is a reversal formation based on the candles.

There is still a strong feeling that this week will be remembered for very powerful 'cuts' and will deprive many margin traders of their money. They will confuse many, and quite significantly. Many should reduce their risks.