MORE THAN 1 BILLION LONG LIQUIDATION AGAIN ON #BITCOIN 🚨

#Bitcoin - price update:

Prices broke under the local downtrend, showing some buy pressure; but technically, it's still stuck into a large TF neutral zone & under many big resistances.

To keep it simple:
Consolidation phase between 94,000 & LL at 81,000$ for now. --> No direction for long term yet.

Key resistance weekly: 100.5k & 101k 🚨

If bulls manage to hold & consolidate above 79,000$, seeing new ATH remain possible because of monthly bull trend & momentum.

Short term outlook:
The 92,500 - 93,000$ is acting as big resistance.
A clean push above could lead to a pump toward 96k+ 📈 ; but I expect to see many more days of sideay phases & possible rejection to revisit lower levels such as 84,000 - 85,000$. 📉

Importants level are in my chart & previous Weekly outlook shared!

🟥Keep in mind that a weekly candle close under 78,500$ could trigger a long term sell signal & trend reversal.
Let me know your point of view 👀

#BTC #bitcoin #altcoins