Bitcoin 🔥
After a second bounce in the Recharge zone, the price has decided to re-enter its last range, and for now, it's holding above support.
We are very close to the huge cluster of liquidations, so be wary of the potential BIG ShortSqueeze that could happen. (we hope 😂)
However, I only see one point that could cause a slight correction before continuing our ascent, but that's really the only one for once!
At $68,000, there are 4 confluent factors:
1. 1st FIBO stop
2. MPP of next Friday's Options
3. CME GAP from this weekend
4. Bottom of Support
It wouldn't be crazy to have a mini-correction towards $68,000 before going back above $70,000 to then search for new ATHs.
What do you think?
