Bitcoin - Soon pump to 98k! But sell here, because...

Jan 6

Bitcoin is temporarily bullish, and from a technical point of view, we can expect 98,439 USD in the short term. There are many reasons behind this movement, the first is that Bitcoin is forming a bigger bearish flag that is well visible on the daily chart. This is not the ultimate bottom on Bitcoin - I believe we are going to see levels around 60k later this year!

In the short term Bitcoin is forming an ascending parallel channel projection or a bearish flag, so if the price hits the upward trendline, that's a good time to open a short position or take profit on your long position. After that we can go all the way down to the bottom of the channel and test the upward-sloping trendline at around 89k. Why 60k later this year? Please look at my previous posts, because the fundamentals are extremely negative for Bitcoin. I think all ETFs' early investors will get liquidated! Also, bitcoin halving cycles are bearish this year.

So in short - take your profit below 98,439 USDT or open a short position below 98,439 USDT because this is a very significant level and point of interest.

Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Thank you, and I wish you successful trades!

Jan 8

Trade active

If you read this, it's time to open a long position and target 98k. I am bullish on Bitcoin, and I think it will hit our profit target, but probably next week. Also I see an ascending triangle.

7 days ago

Order cancelled

In case Bitcoin goes down, let's take a look at the invalidation point. In this case, if Bitcoin drops below 87,500 most likely we are going to test 75k !