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Will bulls defend the $85K level and push for a new ATH or will bears take control and break the range? 🚀💀 What’s your strategy here? Long, short or waiting on the sidelines?
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#Bitcoin Review: 🚀 $BTC Navigating the November Range 🔥 Bitcoin ($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. Let’s break it down! 👇 🛑 Fakeout at $99,500 – 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. 💡 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? 🔥 All Eyes on $85,000! 🧲 This level is not just any support – it’s the most critical zone for bulls right now! Here’s why: 💎 $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. 🚀 Trading Idea: If $BTC retests or performs a fakeout below $85K, this could be a golden long opportunity! With the target set at “new ATH” and a calculated stop-loss, the risk-to-reward ratio is insane! 📈 ❌ What Happens If bitcoin Falls Below $85K? ⚠️ While $85K is strong, bearish risks loom if it’s broken: Acceptance below this level could trigger panic selling. Bears might push bitcoin lower, leading to an extended bearish trend. 💀 Below $85,000 = Doom Mode Activated for bulls. Watch this level like a hawk! 👀 Conclusion: Big Moves Ahead! 🌪️ 👉 As we close out 2024, bitcoin is primed for high volatility. Whether you’re a bull or a bear, the $85,000 level will likely dictate Bitcoin’s next big trend heading into 2025. 📊 Key Levels to Watch: Resistance: $99,500 Support: $85,000 🎯 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. 💪 ✨ Let’s see where $BTC takes us next – ATH dreams or bearish nightmares? 🚀 #btc #bitcoin #BTC☀
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I've just made a new trade! Click here to copy my portfolio👇
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I've just made a new trade! Click here to copy my portfolio👇
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