Bitcoin / TetherUSShort
Bitcoin analysis
After the correction and the liquidity removal around the 90,000 zone, along with U.S. inflation data that increased optimism for a potential rate cut, Bitcoin has once again moved toward the top of the channel. However, in my opinion, this move cannot be sustained for various reasons, including the lack of demand in the spot market.
Therefore, the 85,000 scenario is still likely unless we witness excitement and positive news around Donald Trump’s inauguration.
Therefore, the 85,000 scenario is still likely unless we witness excitement and positive news around Donald Trump’s inauguration.
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