$BTC en daily chart continues in range, in consolidation, but marking a short-term bearish trend.
🤔What will happen next?
🚀 If it rises strongly and surpasses 103k, it could go up to 112k and then to 122k. But in stages, not in a single day.
💥 If it falls below 90k, it could drop to 81k, even down to 74k.
We are at a moment of definitions in the market, but that doesn't mean it's imminent; it could take several days.
Personally, I maintain a bullish sentiment. I believe this Bull Run has not yet reached its highs.
Remember that the bull run of 2021 started in Nov-20; peaked in April-21; fell between May-June and reached its maximum of 69k in Nov-21 (weekly reference chart). #BTC has shown cyclical behavior within its volatility. Important difference: institutional participation (these are new whales).
What do you think? How do you analyze it? 👀
This is not financial advice, it is just an opinion.