#BTC - Ready to pivot and head to 108k
2024-12-11
Category: None

 

  

In my latest post I mentioned that we might visit 93-95k. Sadly for alt coins that resulted in a massive bloodbath, but fear not, it is a healthy pullback meant to clear leverage, that will fuel the next move on #BTC

What's next for  BINANCE:BTCUSDT ?
1. After the reaction swing high to 102k price now retraced into the 0.618 zone
2. It also fits perfectly on the fib time zone, and as we've seen in the past, it signalled almost perfectly the reversal in the trend
3. Given the massive sell-off from alts, I believe now it has enough strength to move to the extension zone which is around 108k
4. Based on the impulse we should know if it's just a manipulation or it will continue to go higher

Personally I think we should see another sweep from 108k to 90-95k, and only afterwards we can continue higher to 120k

What are your thoughts?