In simpler terms:
We could go to the level of 113500-114000, where there is some liquidity and also a diagonal level of weekly significance.
But we don’t necessarily have to do this, as 90% of the liquidity was removed at $112000.
After that, a return down to 105000-100000 would be expected, where there are many gaps and sufficient liquidity, as indicators signal weakness in the trend and there are many divergences from the weekly to daily time frames.
I am writing this not because I am happy to see a decline, but rather because I am already tired of seeing the bottom of altcoins and want spot growth, like everyone else… I write this based on what is visible on the indicators, and it is clear that the trend will not last long.
If we had a strong bullish trend, rather than an 8-month stagnation at the level of 105000-110000, one might assume that Bitcoin could provide another 50%.
There is one very positive scenario, which I will write about soon…
