๐ Bitcoin Daily ๐
Seven 8H bear candles in a row... approximately 1 billion liquidations in longs alone within past two days. BTC finally dipped below 2024 close โ
I still believe that $BTC should bounce back to +/- 98k. At least while market moves sideway (for the past 2 months) its justified to expect price to stay within the range (until it is broken). Previous consolidation stage took more than 8 months, so I hope this time it won't be that extended.
If that consolidation range will get broken, correction target is pointed by multiple factors: #Bitcoin CME gap + 2024 VAH + developing Week 20sma - it all comes to +/- 80k
Nearest liquidity pools:
above - 93850 / 95750 / 96710 / 97350
below - 92540 / 92025 / 91065 / 89590
Lines on the chart:
๐ธ99660 - November high
๐ธ98340 - week close
๐ธ97843 - Q4 VAH
๐ธ96475 - November close
๐ธ93549 - 2024 close
๐ธ91510 - week low
๐ธ90200 - December low