Bitcoin (BTC): Possible $100K And Then $70K?
2024-11-20

Another day, and bitcoin is still pushing, forming new ATHs, and trying to secure that 6-figure number.

While we are not that far away from $100,000, we are expecting to see some kind of pullback (for which we are getting ready as well).

Despite that, we do not see currently any weakness on the markets, and we are confident that we will get one, so here is the plan.

Most likely we will see soon that quick touch to 100K (maybe97K, which would mean we will come back soon up to claim the 100K).

After the current smaller push, we expect to see a very sharp selloff to take place, which would result in a market-strategic break and movement to a major broken resistance zone (which is at 70K and still waiting for a re-test).

A lot is happening currently on the markets, so be alert, stay safe, and do not overleverage!!!

Swallow Team