Gk_Aronno
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Bearish Bitcoin. Correction Signals: 95K, 92K, 90K or $40,000?🤔🤔
$BTC
Bitcoin recently broke bearish and is moving lower with force. A strong bearish day yesterday produced and confirmed a strong lower high. A lower high can lead to a lower low. Let's dive into this chart and see where prices are headed.
Will Bitcoin move to $95,000, $90,000 or is the crash set to happen all the way down to $40,000?
The crash on the 7-Jan. produced the highest volume (that being bearish/red) since the 5th of December. Here we have the start of bad news.
On the 4H timeframe, we can see bearish volume also being predominant for more than a month.
There was hope, yesterday, some hope, but this hope is being erased by reality. The reality is that there was no recovery the next day, today. Since the 7-Jan. drop was extremely aggressive and confirms a lower high, a lower low is possible next.
That's the chart in simple terms as it is now.
Nothing can confirm or guarantee that Bitcoin is moving past 92 or 90K. So far, the action we are simply seeing points at a retest of support.
There is still potential for this move to end as a higher low. If this happens, the bulls win and this has happened before; think long-term. On the other hand, if Bitcoin continues lower, prepare for a crash, but it isn't likely that Bitcoin will hit 40K. That's the catch. A recovery will happen within days.
Remain calm, tranquil and collected.
This is a buy opportunity. The last one before the major 2025 bull-market.
Thank you for reading.
Namaste.
Note🚨🚨
Bitcoin's sideways trading range continues to be between $90,000 and $100,000. Market conditions will remain the same as long as $90,000 remains unmolested on the weekly timeframe. If it breaks, looks for $80,000 monthly as the next support.
Note🚨🚨
It is indeed moving lower but when all is set and done this will likely end as a false breakdown. Hold. One Bitcoin = One Bitcoin. No worries, keep calm.
Bitcoin recently broke bearish and is moving lower with force. A strong bearish day yesterday produced and confirmed a strong lower high. A lower high can lead to a lower low. Let's dive into this chart and see where prices are headed.
Will Bitcoin move to $95,000, $90,000 or is the crash set to happen all the way down to $40,000?
The crash on the 7-Jan. produced the highest volume (that being bearish/red) since the 5th of December. Here we have the start of bad news.
On the 4H timeframe, we can see bearish volume also being predominant for more than a month.
There was hope, yesterday, some hope, but this hope is being erased by reality. The reality is that there was no recovery the next day, today. Since the 7-Jan. drop was extremely aggressive and confirms a lower high, a lower low is possible next.
That's the chart in simple terms as it is now.
Nothing can confirm or guarantee that Bitcoin is moving past 92 or 90K. So far, the action we are simply seeing points at a retest of support.
There is still potential for this move to end as a higher low. If this happens, the bulls win and this has happened before; think long-term. On the other hand, if Bitcoin continues lower, prepare for a crash, but it isn't likely that Bitcoin will hit 40K. That's the catch. A recovery will happen within days.
Remain calm, tranquil and collected.
This is a buy opportunity. The last one before the major 2025 bull-market.
Thank you for reading.
Namaste.
Note🚨🚨
Bitcoin's sideways trading range continues to be between $90,000 and $100,000. Market conditions will remain the same as long as $90,000 remains unmolested on the weekly timeframe. If it breaks, looks for $80,000 monthly as the next support.
Note🚨🚨
It is indeed moving lower but when all is set and done this will likely end as a false breakdown. Hold. One Bitcoin = One Bitcoin. No worries, keep calm.
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