BTC has successfully cleared the Fair Value Gap (FVG) from October 2024. The range has been tested, and we are now witnessing some sideways movement in lower time frames (LTF).
The $93.2K level remains the most critical resistance for now. Historically, Bitcoin has seen 29% to 32% corrections right before the final wave. It's also important to note that the 50EMA on the weekly chart has repeatedly acted as a strong support, preventing major breakdowns in the past.
I will be posting a detailed analysis on Bitcoin corrections this week. So far, we've already seen signs of this playing out. BTC must start reversing from here, or we could see one more push to the $70K range, forming a double or triple bottom before the final breakout.
This is not the time to be bearish, news cycles and geopolitical events can shift dramatically in the coming weeks or months. We've seen this pattern many times before, haven't we?
Stay prepared for what’s coming! I’ll also be sharing altcoin charts that could perform well in the upcoming months.
👉 If you found this analysis valuable, hit that Like button and make sure to follow me for more insights!
#PEACE
The $93.2K level remains the most critical resistance for now. Historically, Bitcoin has seen 29% to 32% corrections right before the final wave. It's also important to note that the 50EMA on the weekly chart has repeatedly acted as a strong support, preventing major breakdowns in the past.
I will be posting a detailed analysis on Bitcoin corrections this week. So far, we've already seen signs of this playing out. BTC must start reversing from here, or we could see one more push to the $70K range, forming a double or triple bottom before the final breakout.
This is not the time to be bearish, news cycles and geopolitical events can shift dramatically in the coming weeks or months. We've seen this pattern many times before, haven't we?
Stay prepared for what’s coming! I’ll also be sharing altcoin charts that could perform well in the upcoming months.
👉 If you found this analysis valuable, hit that Like button and make sure to follow me for more insights!
#PEACE
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Daily Signals:- telegram.me/thecryptorphic
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
MEXC : bit.ly/Trademexc
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
MEXC : bit.ly/Trademexc
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.