Bitcoin Is Ready For $105-$108K: Upper Range-Trading Resistance
2025-01-09
Category: None

Now that the lower support level has been tested and holds, after a 2-days long flash flush; we are ready, the market is ready, Bitcoin is ready to move up.

Since the last advanced reached $102,000, the next advance can reach higher; why? Because the bearish action lasted only two days while the bullish action lasted 18 days. This means that the bearish action is a correction of the bullish action. A correction move is a move countertrend. A down-move being countertrend means that the trend is up. And since the trend is up, the next move is a higher high compared to the last high because that's how trends work; higher highs and higher lows.

Thanks a lot for your continued support.

Namaste.