⚠️BE CAREFUL!!!! AT these key level ,one need to take extra caution trading these in perps.
3 days left to form monthly close.
Breaking and Closing Above Last Month's High: We've already crossed the previous month's high, a strong signal that the consolidation phase may be ending. If we close this month above the previous high, I’d see this as a major breakout. In this case, I believe $BTC could be heading to $90,000 or even beyond $100,000. This kind of bullish movement could be driven by major catalysts like the U.S. election results. Historically, presidential elections tend to inject volatility into the markets, and a favorable result, perhaps with a more crypto-friendly administration, could drive Bitcoin beyond its all-time high (ATH).
Failure to Hold $60,000: On the flip side, if $BTC closes below $60,000, we could be in trouble. While this scenario seems less probable right now, it could spell disaster. In this case, we’d be looking at a steep decline, potentially down to $50,000 or even as low as $46,000. This bearish outcome might coincide with negative election results for the crypto space—let’s say, hypothetically, Kamala Harris wins and introduces unfavorable regulations or policies, shaking investor confidence.
