Bitcoin (BTC): Re-Testing Local Resistance ($100K)
2024-12-25
Category: None

Bitcoin is re-testing a local resistance that has been tested multiple times and broken one time as well, where we formed a smaller fakeout zone.

Now that price has had a proper correctional movement, taking out a lot of liquidity on the market, price is testing once again the $100,000 zone, which means we might see some sharp and major moves happening very soon (considering the fact that year is about to end and we are near the major zone).

We have 3 ways to go from here; which one do you think we will be heading towards?

Plan A: Straight Break of Resistance / Re-Test of ATH
Plan B: Re-Test of 200EMA /  Break of Resistance / Re-Test of ATH
Plan C: Sellers Take Over And Push Price Back Below 200EMA

Swallow Team