GOOD MORNING!!!

$BTC Analysis 10/12/2024

BTC, unfortunately the bulls were not able to hold the price within the blue band, so we quickly fell to the gray band just below the current price. The interesting thing here is that several orders that were at $89K were removed and placed higher with the real intention of being activated and stopping the prices, which worked very well.

This is the second time we are touching this $94K region and we are having good support, of course I expect some slowness here, at least until tomorrow when we will have a good trigger to go up, and that trigger could be the CPI data.

I know the SELLERS seem comfortable here, but it is very likely that they will be caught off guard soon, I do not expect a V-shaped recovery here, but I expect us to have some considerable recovery after cutting both sides of the chart, and do not be fooled, the next move will also be violent.

Things are looking pretty scary right now, but to be honest, that's when you BUY, so in MY HUMBLE opinion we should jump right out of here, especially at #altcoin , and yes, that pullback was the pullback I expected, so I don't think we'll have another massive sell-off event anytime soon.

The RSI is still pretty cool actually, and even with the price slowly recovering it's more likely that it will stay in a comfortable zone for the price to keep going up.

The Bulls don't need much here, they just need to reclaim the 100 EMA (4H) for tomorrow to have a good chance of reclaiming $98K, and that's what I think we'll do by tomorrow.

Not even the BEARS believe in this drop, see that their big orders are still stuck above $100K, because they know that if they lower their orders from there, they'll be quickly hunted down.

We've already had the Christmas pullback, now we just need the Christmas Rally, so let it come! 🚀

$100K soon!

* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.