#Btcoin
Short-term Bitcoin analysis:
🪙BITCOIN/USDT
- The current correction is very normal after breaking the resistance of $94,500 with strong momentum. The price may drop to retest this resistance to see if the breakout is genuine or a fake breakout.
- The current area is supported by the 200 Moving Average indicator shown in yellow. Staying above this price is very good for continuing to rise to $98,100 and surpassing it as well.
- Also, if we look at the liquidation areas on the Heat map, we will see that there are very large liquidation areas at the level of $93,900, so the price may go down quickly before continuing to rise.
- There are larger liquidation areas at the level of $99,000, so I do not expect the price to correct strongly before reaching that area.
Shared
Follow me to get all the latest on Binance, please and thank you.
