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#Bitcoin
Visual of my bull scenario
Needs to break above $96,300 with-in the next couple of days and if it did likely to keep the momentum going back to $104k+ area
We are in the bottom half of this daily channel. A lot of chip, but great value since December longing the bottom and shorting the top until a break out/down. $btc #Bitcoin
Horizontal and Diagonal daily resistance point. Double bottom formed on daily. Cortical juncture here to decide who is in control and has momentum. Bears vs Bulls 🤘 $btc #bitcoin
#Bitcoin weekly analysis basically shows:
- A close above $102,500 would likely see $110,000+ ($118k measured target)
- A close below $94,500 would likely see $85,000 area.
Anything in between can be considered meaningless chop.
6th time we’ve tested the bottom of this support area within 92-106k range.
DCA at the bottom, sell the top until cracked. Simple but effective. $btc #bitcoin