🤯 Is $110K THIS WEEK for $BTC A? 🚀 Fractal says YES, but... WATCH OUT HERE! 👀
Hey, Crypto People! 👋 Ready for the $BTC rollercoaster? Hold on tight!
📈 A fractal analysis circulating (based on past patterns) suggests that Bitcoin could be revving up to break the barrier of $107,000 USD and, watch out!, seek a NEW ALL-TIME HIGH above $110,000 USD THIS SAME WEEK!
It would be complete madness! 🚀
🔥 To add more fuel to the fire, Glassnode's on-chain data is quite BULLISH! 🔥 It shows that large wallets (yes, the whales 🐳) and also smaller investors (the shrimps 🦐) are in HODL mode and accumulating $BTC. It seems many are waiting for the next big pump!
📉 BUT, HERE COMES THE "BUT"! 🚨 (My analyst side forces me to be cautious 😉). There is a BEARISH DIVERGENCE looming on the daily RSI chart. This means that while the price could be rising, the buying momentum could be losing strength. If $BTC doesn't get a solid and quick push towards the $120,000 - $130,000 USD zone to invalidate this signal, we could see a slowdown or even a pullback instead of a rocket. So stay alert for a possible dump if there's no continuation!
And now, the million-dollar question for you, community: 👇
🤔 What do you think will happen?
1️⃣ TO THE MOON! 🌕 We break ATH and see those $110K (or more!).
2️⃣ WATCH OUT! 📉 The bearish divergence plays a trick on us and we need to correct.
Leave your opinions, analyses, and even your bets in the comments! I want to know what you think! Are you buying the dip or waiting for confirmation?
Disclaimer: This is my personal view based on the available information. It is NOT financial advice (NFA). Always do your own research (DYOR).
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