$BTC

Moving inside the initial November range. We just saw a fakeout from the high range at $99,500. The rejection was very strong, so I think we may be heading to the lower range! It is located around $85k, which is both a low, a Fibo level, and a global support! This makes the $85k level the most important for the bulls. If we get a retest or fakeout from this lower range, it will create a unique opportunity to extend $BTC! With the target set as “new ath”, the risk-reward ratio is insane with any kind of stop loss. However, keep in mind that the bears are also watching this level. If BTC somehow accepts $85k, we are doomed