#BTCvsMarkets Bitcoin Trading around $93k...
Now, Current value of
$BTC As per my previously posted Weekly Chart Analysis-
Bitcoin is now reached out its most significant resistance point for another biggest Liquidations point of $92k-94k...
Here is Two Potential Scenarios-
1-
#BullishBreakout :
A decisive close above $92.5K could trigger a new wave of bullish momentum. In this scenario, short liquidations may drive a rapid price surge, potentially opening the door toward the $95K–$98K range.
2-
#BearishRejection :
If BTC fails to hold this level, the market could see a swift pullback. With so many over-leveraged positions, a drop might initiate a long squeeze, accelerating the downside move toward critical support levels near $88K to $85k again.
As per below chart of previously posted at
#ElliottImpulsive majority of chances this time for both sides of Liquidations will be creates by Whaler's & Manipulator's.
Anyways,
Always DYOR and Trade with your StopLoss Strategies in Crypto Currency.
It's
#Write2Earn topic too..