BTC Target 2: $97,800 - Reached! ✅
🟢 BTC: The second Fibonacci target at $97,800, which I mentioned earlier, has been achieved. Meanwhile, short-sellers remain active, with a significant number of sell limit orders placed at $100,000. The breakout from the local pattern has occurred, breaking the local resistance zone. However, consolidation on the daily candle is needed for this level to become support.
A reminder: corrections often occur at initial Fibonacci levels. However, this is a super bullish market, so a correction might not happen. Consolidation above $100,000 on the weekly timeframe would negate any correction. Until that happens, lower levels remain open. Right now, I do not recommend opening shorts hoping for a lucky break.
Further Bitcoin targets can be found in the November 11 post on the VIP channel. Remember, the mentioned correction is local! I’m not expecting any major dumps or a return to $41k.
🟢⬅️ Exchange withdrawals exceed deposits by 57%, totaling 48,000 BTC. 🔥❗️❗️❗️
📈 Altcoins: Most altcoins remain stagnant or are experiencing local corrections due to Bitcoin dominance. Those who traded the beginning of the cycle, especially in 2017, will recall a similar situation. Regarding altcoin growth, the upcoming rally will be massive. Many cannot even imagine what’s coming! Some are already reaching peaks in their mid-term pumps, but this is just the beginning. The real action is still ahead!
