๐ Bitcoin Daily ๐
Market is on pause till New Year. Since last update $BTC dropped back to developing Year VAH2. The target for the bounce I've mentioned before stays untouched and therefore valid - once the bounce happen it should try to revisit developing quarter VAH and maybe pre-Christmas close at 98627.
โณOnly 1.5 days till New Year. If you compare it to 1H candle, we are living last ~15 seconds of this candle. 2024 forms a very bullish Year candle. This means that next year a new ATH is guaranteed. How far #Bitcoin will grow in 2025 we can only speculate. Most probably in between 122-170k
At the same time December candle forms bearish shooting start. This may lead to next few months to be choppy while price pulls back a little. Most obvious target for that down move is CME gap at 77-80k which might take price a bit lower to 74k. Will it drop that low or not, hard to say. But some bearish move should take place, before BTC continue higher. If it won't happen, that gap will be left for further future correction move in 2026.
Nearest liquidity pools:
above - 94551 / 95052 / 95986 / 97346
below - 92687 / 92257 / 91756 / 90107
Lines on the chart:
๐ธ99660 - November high
๐ธ97736 - developing Q VAH
๐ธ96475 - November close
๐ธ93350 - developing Year VAH2
๐ธ92272 - week low
๐ธ90200 - next dump low
๐ธ77200-80260 - CME Futures gap