nothing much is changing. Bitcoin has consolidated at $114K, which is actually a pretty good consolidation. It’s quite possible it will stretch to $116–116.5K.
Bitcoin left a gap below. There’s already more liquidity building down there than above. If we also take out the liquidity at $116K, then a much more global and unpleasant drop will open up.
The probability of seeing Bitcoin rise from current levels to around $130–140K is very low, minimal. There would need to be some overly positive driver. Given that the market is pricing in this growth (positive Fed decision on the 17th), if this expectation isn’t met or the rhetoric changes, it could all collapse in one candle down #BTC $BTC
⌨️Apparently, we’ll see further correction on $BTC . For the trend to continue, the current move should have played out as a shakeout, but unfortunately, that didn’t happen.
The key local support was at $117,000, but it’s effectively gone now. In the range from current prices up to $120,000, you can consider short trades targeting at least around $110,000. Nothing has changed – everything is as in previous analyses.
We might be in for an even 'stronger shake-up' because the trend is very confidently bullish, and corrections are needed to trim overleveraged positions. The sentiment is 'pleasant,' and retail traders have become too complacent
Bitcoin is testing a critical resistance zone around $120,000. Recent volume is rising, showing strong buyer interest. The RSI is hovering around 60, indicating there’s room for upward movement without being overbought.