Since $BTC just broke below the 99MA and has significant selling pressure at the 72k mark, I expect to that we will enter a zone of testing and recorrections that is perfect for a period of accunulation lasting between 1 to 3 days.
This however, is my opinion and you must always DYOR.
Unless we see more buying pressure for $BTC, I do not see a breakthrough beyond 72k at the moment, it may be time to sell and look for a discounted price soon.
I expect a major resistance at the 71.6k level but as always DYOR
Given the current recovery of $BTC back to the 70k levels, I expect the bullish trend to continue for 3 more days, if confirmed we may see $BTC rise to 75 to 77k at best before falling once more, it is a good time for a quick trade for profits.#BitcoinGoogleSearchesSurge #MarketRally
🚨 Update: U.S. giants like #blackRock and several other ETFs have offloaded $817.7 million in $BTC marking the fourth largest outflow since their inception.
I was expecting a drop of $BTC today but I did not think we'd go back to the 85k mark given the week long support at the 87 to 86k range. I guess the shorts had greater momentum than I thought.
In any case, I believe BTC has already peaked this cycle and it is best to wait and watch until the time is right to buy-in at extreme discounts
Overly fearful idea. Sure, we will have a drop, but prepare knowing this and you will be fine. It is an asset like anything else. Find support levels and resistance. Prepare.
ParvezMayar
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The way $BTC is falling sharply from $90k to 86k in minutes...
I don't post news, but this is significant, USA just destroyed all Iranian nuclear enrichment sites and Trump released a statement on it. Make your own conclusions
The expected Bear action for $BTC by available sell orders and momentum, according to me, is now (in the short term) not enough to hold back bullish action until we hit another natural resistance level.
In other words, it is a good time to open buy orders in the short term so long as you know when to take profits.
There was quite a large resistance for $BTC at the 110000 mark, it is only natural to see it drop, that is why people must learn to take profits when expecting resistances and set up places to re-enter the market.
$BTC taking profits now, if the price range goes back to 105000 to 103000 it will be prime time to buy again, that is if the Bull momentum is not over, even if it is I am alright taking that risk, someone has to after all
Bull flag observed in the 15 min time frame for $BTC, expected resistance at 107,000 and 108,000. My opinion is that we may see BTC rise in the short term to around 106,500 to around 106,980 and see an accumulation period.
I'm noticing that the 105,000 resistance mark for BTC is no longer shown on the order book data, but am suspicious about it. What do you think? Is this an error in data or have the sell orders been pushed to closer levels?
A good trade for $BTC right now would be to sell and buy back at the 102000 mark but that's just my idea, could be wrong but I'm willing to take that risk.