#btc

📈 $BTC DAILY UPDATE

12H Timeframe

Bitcoin is finally in price discovery, which is good, but also means future price action gets harder to predict.

The closest target based on the fibonacci level is at $121K. That’s +3% upside from here, so there’s still a bit of room.

However, the downside risk to the nearest support zone is about - 5.88%. Which means, you’re risking more than you stand to gain.

⚠️ In short: start taking profits. For those who are still sidelined, be patient, the downside risk outweighs the upside for now.