Analysis $BTC 01/15/2025
#BTC , Where are the horsemen of the Apocalypse who told us we were going to $73K?
We've had a great climb up to here, and notice that yesterday we didn't need to go back down for a retest, it followed the plan perfectly. However, here things start to get sinister, so let's take a closer look...
Just as some exaggerate downwards, others exaggerate upwards, so let's not fall into the trap...
This is a good level for the BULLS, but it is still an easy level for the BEARS to attack, so I would like to see a retest in this blue region of the graph where I made this blue circle. If we are able to retest there and find support, then the next target is $105K which is where I expect the BEARS to be more aggressive in defending the price.
This $100K/101K region has some big bears, but I don't see it holding for long as it doesn't make much sense to defend this level (not at the current moment).
It's still WEDNESDAY, we could break $101K by the weekend and attack $105K next week. Retest in the lower blue band or not, we are headed for $105k and the Bears can't avoid it!
Keep the game simple here!
We hit $98K...so $105k soon!
