#Bitcoin Review: đ $BTC Navigating the November Range
đ„ Bitcoin ($BTC) is at a critical juncture as it continues to dance within the November range, setting up an exciting opportunity for both bulls and bears alike. Letâs break it down! đ
đ Fakeout at $99,500 â Rejection is Real!
Bitcoin recently attempted to break above $99,500, only to face a strong rejection. This move highlights the importance of the range high, which is proving to be a solid resistance level for now.
đĄ The rejection at $99.5K suggests momentum is shifting downward, setting the stage for a possible retest of $85,000. Are you ready for the action? đ„
All Eyes on $85,000! đ§Č
This level is not just any support â itâs the most critical zone for bulls right now! Hereâs why:
đ $85,000 = Range Low: The lower boundary of Bitcoin's current trading zone.
Fibonacci Level: A golden retracement point!
Global Support: Historically, this level has been a launchpad for rallies.
đ Trading Idea: If $BTC retests or performs a fakeout below $85K, this could be a golden long opportunity! With the target set at ânew ATHâ and a calculated stop-loss, the risk-to-reward ratio is insane! đ
â What Happens If bitcoin Falls Below $85K?
â ïž While $85K is strong, bearish risks loom if itâs broken:
Acceptance below this level could trigger panic selling.
Bears might push bitcoin lower, leading to an extended bearish trend.
đ Below $85,000 = Doom Mode Activated for bulls. Watch this level like a hawk! đ
Conclusion: Big Moves Ahead! đȘïž
đ As we close out 2024, bitcoin is primed for high volatility. Whether youâre a bull or a bear, the $85,000 level will likely dictate Bitcoinâs next big trend heading into 2025.
đ Key Levels to Watch:
Resistance: $99,500
Support: $85,000
đŻ Strategy: Stay vigilant! Be ready to long $85K or pivot quickly if the level breaks. The crypto market rewards those who are prepared and disciplined. đȘ
âš Letâs see where $BTC takes us next â ATH dreams or bearish nightmares? đ
