I've seen this post here at binance square a few days back. It says 85k is a rumored liquidation zone. See post below.
WELL I WANNA DISAGREE. BIG TIME NO FOR ME.
Why? Take a look at the actual BTC chart below.
In the daily and weekly chart, a huge bullish falling wedge pattern has formed. In the daily chart we have a strong KDJ support at arround 75k-77k. We see price action bounce gracefully from the support zone, toppling down the 77.5k-83.9k weak KDJ resistance.
Based on the chart, 85k-93k is a safe zone. There's no resistance or even support there. The next strong resistance is still at 93.6k-98.4k. When candles reach that zone, expect a bumpy ride down and if there's not enough buy volume, price action may seek support again.
By the way, if you're still looking for a safe, low cap, x1000 token, checkout PITBULL. You can get it using the binance web3 wallet. You can also support PIT in the #VoteToListOnBinance
FOLLOW FOR MORE CHART UPDATES. COMMENT YOUR TOKEN, CHART REQUEST ARE ALSO WELCOME. $BTC #BTCRebound
