Bitcoin is still stuck in this sideways phase - bearish scenario remains valid.
Below 79,200 and the HH, pull back looks likely next. After that FOMO rally, price is way overextended and market needs to breathe, especially while we're still under key monthly & weekly levels.
Watching 75,000 - 73,000 - 71,000 as demand zones.
A weekly candle close above 79,000 would flip this positive for further upside. 📈
#bitcoin #BTC
Below 79,200 and the HH, pull back looks likely next. After that FOMO rally, price is way overextended and market needs to breathe, especially while we're still under key monthly & weekly levels.
Watching 75,000 - 73,000 - 71,000 as demand zones.
A weekly candle close above 79,000 would flip this positive for further upside. 📈
#bitcoin #BTC
