$BTC BTC Will it continue to have ATH? Let's take a quick look together! BTC Update 11/07.
🔸Currently, Bitcoin is facing resistance at the rising trendline. The divergence price range in the ongoing uptrend leads. In both the Daily and Weekly frames, it is a reaction point.
🔹This means…at this very moment around 108k +- something, it will be the area for correction or breakout.
In my personal opinion, "tomorrow there will be a test at the peak, then a price drop with a red candle closing around 116.1 - 117.400$"
🔸However, if it can break, it will probably be next week because the money flow is starting to move into Altcoins now. Breaking through 118-119.x, then 125-128 and 135k/BTC will no longer be a dream.
In the worst-case scenario….the divergence remains at the current price, Bitcoin may correct to a low of around 101,000$ and 106,000$/BTC. If this situation occurs, then this time attracting a large number of FOMO participants could create a new peak :))) "this is a slightly negative view, but it's good to be cautious"
📌 This is also part of the reason why, today I posted, locking in profits heavily for that reason. My plan and direction are a bit safe. But still leaving enough to continue making profits if there is an uptrend. What do you think…will it redistribute? Or will it continue to surge?$BTC