According to the pattern drawn on the hourly frame, we notice the trend touching
Therefore, we must monitor the price. We have 2 scenarios
The first is breaking the trend and falling to lower areas and correction
The second is a direct rebound from this trend in the coming hours, and there the $100,000 barrier will be broken, especially since we are close to that
Our latest analysis of Bitcoin explained that the fear and greed index is high and speculators warn the market, and indeed Bitcoin fell to the $86,000 area after recording a peak of $93,000
Then we explained that we are facing 2 scenarios
Either the decline to the bottom areas does not exceed $82,000
Either the continuation of the rise to reach a new peak exceeding $93,000 to reach $99,000
Now we strongly notice the calm of the indicators to complete the upward march of Bitcoin
According to the model drawn in front of us, we notice the positivity expected in the coming hours for Bitcoin
But do not forget that we are in a trading market and treachery is possible at any moment, but so far things are good and the indicators confirm the rise
And we do not neglect you for a minute and we monitor the market well
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Since the last analysis less than a week ago, we expected to break the historical peak of Bitcoin and for the sol currency to exceed the price of $ 200, and it actually achieved the first target of the currency at $ 189 and the second target at $ 220
Positivity prevails in the market as a whole, but it is better to choose the best stable and secure currencies
Therefore, choosing the SOL currency as an investment currency was a good choice in the short term
According to the chart, the price breaks the trend, and therefore a strong rise is expected, and currently we are expected to see numbers exceeding $ 300
And a new era could begin if his support for the field is real👌
Bitcoin breaks a historic high and reaches $75,000 due to his victory
Very optimistic about the dismissal of Gary Gensler, the devil of the Securities and Exchange Commission. If he is dismissed, we may see a rise in the XRP currency, for example, and $UNI and most of the currencies that have problems with the Commission
Also, new liquidity will enter and Bitcoin acquisition will decline
⚡️The image shows a heatmap of Bitcoin (BTC) sell order liquidity stacked in the $68.5K to $70K range, with $178M of sell liquidity.
⚡️This liquidity may simply be a protection barrier over the weekend, or it may have been put in place to limit the rise in Bitcoin price before the close of the month or the election.
⚡️In either case, it will likely attract some traders to open short positions, which could lead to upward pressure if these traders are forced to close their positions quickly when the price rises.
Which means a huge superiority for SOL currency that exceeds Bitcoin's rise by stages
We analyzed Sol currency yesterday and that as soon as it reached the resistance of $160, it would take off strongly and indeed its launch exceeded Bitcoin's rise with noticeable steps as shown in the drawing
We are waiting for Bitcoin to break $70,000 so that we can see new peaks for SOL at $189 as we mentioned in the previous analysis of the currency
We notice in the chart in front of us that Bitcoin is trying to close above the resistance of $67,700 to $68,000
In light of the high percentage of Bitcoin acquisition
The next stage
Exceeding $70,000, then the beginning of the recovery of alternative currencies and the movement of liquidity from Bitcoin and the stability of the price of Bitcoin
"A state of boredom always prevails before the rise in the market
Try to take advantage of this period to learn how to deal with the market"
This was our saying on October 9 before the beginning of the signs of the rise and thank God the market rebounded completely from the $58,000 areas
Then our records continued with the necessity of closings above $65,000 in order to confirm the positivity and indeed we have now reached the $65 to $66,000 areas
The first scenario
Which is expected from our point of view, which is to complete the rise to the $67,400 areas with ease and from there launch a new peak
As is clear in the drawing, Bitcoin is trying to get out of the channel in which Bitcoin touches the trend at the price of $67,400 for many reasons, including the logical corrections of Bitcoin over the past hours
The second and worst scenario
Is increasing pressure on the market by correcting to the $58,000 areas and this may be more logical than necessary for the end of the downward wave in The past months and the beginning of a stronger than expected rebound
The third scenario
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And so that the number of recommendations will increase in the coming period
🚨🇺🇸Breaking: Fed member Chris Waller backs slower rate cut after 'disappointing' inflation report, data shows no signs of major slowdown in economic activity.
🚨🇺🇸In addition, hurricanes and strikes are expected to reduce job growth by more than 100,000 this month, but he expects a strong rebound afterward.