#BTC ( Comprehensive Bitcoin Analysis )

In the previous analysis, you saw that we knew that Bitcoin would fall to 94K. We were also waiting for the price to react to the 92K-94K area.

Due to the news of the authorization to sell 70,000 seized Bitcoins, the price did not react well in the 92K-94K area.

🇺🇸 DOJ cleared to sell $6.5 billion worth of Bitcoin from seized Silk Road assets.

There is also liquidity between 92,000 and 92,350. So we can expect the price to fall below 92K.

There is a strong bottom at 91,500. If the price does not fall below 91,500, our view is completely bullish.

The next strong bottom is at 85,000. If the price falls below 85K, the fall to 67,000 can continue with the sale of 70,000 Bitcoins.

We do not know when this Bitcoins will be sold. So we will not make a hasty decision and as long as the price is above 91,500, our view is bullish.

We are cautious and wait between 85,000 and 91,500.

Below 85K, our view will become bearish.

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