🚨🔥 Final Short Contact: $BTC New All-Time High! 🚨
Bitcoin price has surged by almost 16% in the last 24 hours, hitting a new all-time high of $87K! Such a rapid move is rarely seen in the market. As expected, Bitcoin initially dropped from $82K but was quickly bought back around $77K, sparking strong bullish momentum that pushed it higher. ❤️Next Step: $BTC Long-Term View From a long-term perspective, Bitcoin is now in a severe overbought zone on the monthly chart - a sign that a correction could be imminent. Bitcoin could start to cool down in January, with a potential pullback to the $65K area. Be prepared for volatility as this correction could bring more strategic buying opportunities. Short-Term Watch 🚨👈🏻
In the short term, Bitcoin may target the next targets at 93K and 103K if it establishes strong support above 86K. However, the chances are low (around 5%), and we may see a slight pullback to 77K where Bitcoin may rally again.
Precautions
- Avoid buying heavily at these high levels.
- Watch for a pullback towards the 60k area in the coming months.
- Beware of sudden drops, and set stop loss orders carefully. Like this analysis? Let's aim for 50 likes for more insights on Bitcoin
