WATCH OUT for Possible Short-Term DOWNTREND Scenario
Updated
Just my opinion, I can see bitcoin needs a little more rest but anything is possible in a bull market. I wouldn't short in a bull market personally, too risky, and 40% drops aren't guaranteed this run with all the new money coming in.
Watch out for this move, if BTC fails to break 67-70k RANGE imo we could have further reversal temporarily to the downside to reset the market a bit before the halvening. This could happen pretty soon.
Temp Setup: 53k-51k.
ATH 2024 Q4 to 2025 Q1: 180k USD
These are just my opinions, and not financial advice.
Good luck everyone, wish you the best!
Watch out for this move, if BTC fails to break 67-70k RANGE imo we could have further reversal temporarily to the downside to reset the market a bit before the halvening. This could happen pretty soon.
Temp Setup: 53k-51k.
ATH 2024 Q4 to 2025 Q1: 180k USD
These are just my opinions, and not financial advice.
Good luck everyone, wish you the best!
Note
Quick reminder: If we break up this post is invalidated for now, we will moon. If we don't break the range above we will follow down.
Note
Well we hit 71k and dropped back down to 69k, very interesting moves by BTC. I'm not completely 50/50 on what's going to happen next. I have a slight feeling we will go up from here as April arrives.Note
Down we go! Took way longer than it should have.
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