๐๐๐ Urgent Update ๐๐๐
Thereโs an important update for Bitcoin: weโve seen a negative daily close. Earlier, MicroStrategy announced plans for a major Bitcoin purchase, but short-term volatility is likely.
Currently, Bitcoin is trading at $94,000 after closing negatively on the daily chart, signaling the start of a potential price reversal. With Bitcoin having risen from the $83,900 range, some profit-taking may occur.
We could see a correction toward the $88,000โ$87,000 zones, followed by a possible sideways move back up toward $98,000, which is a major resistance level. The $95,000 resistance has already proven strong; despite Bitcoin reaching $95,500, it couldn't hold.
This sets the stage for a possible sharp correction next month, potentially down to the $80,000 level. This would be a retest of the previous decline โ if it holds, Bitcoin could rebound sharply.
Adding to the uncertainty, less than 90 days remain before the US tariff suspension deadline. Combined with the weakening US dollar, pressure is mounting.
The Federal Reserve, led by Jerome Powell, may either intervene to support the markets or prioritize fighting inflation by delaying interest rate cuts.
As a result, expect significant volatility in the coming month. Stay cautious.
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