$BTC had a good drop from $112,000 to $107,328.81. Drama? Not so much. It still hasn't lost $107,193.81, which for me is the key level to watch closely.
As long as it stays above, I see a very high probability of a rebound towards $115,000. Higher? Maybe it touches $116,000, but I see that as a technical ceiling in the very short term, a "we've reached our limit" with lower chances.
Now... if it loses $107,193.81, get ready: we could see a retest in the $103,000–$102,000 zone. And if the market really gets dramatic, we could see an express visit to $94,000–$93,000. Unlikely? Yes. Impossible? No.
I am not a professional trader, nor do I pretend to be a guru. This is my analysis, I may be right or I may be more lost than a satoshi in the desert, but I share it with sincerity and without embellishments.
Do your own analysis, manage your risks, and please, do not make financial decisions just because someone on the internet posted a pretty chart.
See you at the next candle!
Which side are you on: bullish or bearish?
Like if you enjoyed the analysis and comment your forecast for BTC — I want to read you!
P.S.: If this goes up to $115,000, I’ll treat myself to a beer. If it drops to $93,000… I will too, but with a face of "I told you so".
