$BTC Price is currently taking out the upside liquidity, which extends up to $84.4K
Because of this pump, the liquidation cluster below price is getting larger and larger, making another sweep of the downside liquidity increasingly likely.
Because of this pump, the liquidation cluster below price is getting larger and larger, making another sweep of the downside liquidity increasingly likely.
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Especially since Bitcoin has a tendency to leave liquidity clusters partially untouched before reversing and targeting the opposite side.
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If support at $81,450 holds, #BTC could test $81,800-$82,200. A break below $80,900 may trigger a decline toward $80,300. Confirmation from candle closes and volume is essential.
⚠️ Stay disciplined, manage your risk, and remember that no setup is guaranteed.
⚠️ Stay disciplined, manage your risk, and remember that no setup is guaranteed.
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#Bitcoin recovered toward $83,200 on October 13 after dipping near $81,034. However, another rejection around $84,000 left the rebound vulnerable.
Key levels to watch
Resistance: $84,000, then $84,600-$84,800
Support: $82,300, followed by $81,300
Next upside hurdle: $86,366
Key levels to watch
Resistance: $84,000, then $84,600-$84,800
Support: $82,300, followed by $81,300
Next upside hurdle: $86,366
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A Momentum remains fragile:
Daily MACD remains bearish, with the MACD line below its signal line. The 4-hour RSI sits near neutral at 51.99. $BTC is trading inside the 4-hour Ichimoku cloud, signaling indecision.
Daily MACD remains bearish, with the MACD line below its signal line. The 4-hour RSI sits near neutral at 51.99. $BTC is trading inside the 4-hour Ichimoku cloud, signaling indecision.
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$BTC Leaving the highs unswept is bullish...
Building liquidity above the range highs and making participants feel safe in shorts before pushing through the highs.
Most will continue to expect a sweep of 74K, but it likely won't come.
Building liquidity above the range highs and making participants feel safe in shorts before pushing through the highs.
Most will continue to expect a sweep of 74K, but it likely won't come.
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George Brien retweeted
THIS IS HUGE.
Bitfinex $ETH longs have hit their highest level in over 4 years.
They definitely know something.
Bitfinex $ETH longs have hit their highest level in over 4 years.
They definitely know something.
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George Brien retweeted
$BTC just dropped below $83,000 as the US 30-year yield hit its highest level since 2002.
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That was an experience, Bitcoiners are exceptionally the best
JUST IN: 12 YEARS AGO TODAY, THE NOTORIOUS #BITCOIN BEAR WHALE ATTEMPTED TO CRASH THE MARKET!
HE SUDDENLY DUMPED 30,000 BTC AT $300 EACH.
THE BULLS FOUGHT BACK, BUYING $9,000,000 WORTH OF BTC IN JUST MINUTES!
THEY STOOD THEIR GROUND AND KEPT THE PRICE UP.
TODAY, THOSE 30,000 00,000,000!
HE MISSED OUT ON BILLIONS! 🔥
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$BTC keeps getting rejected around the 86-87k area. That 87-88k zone is still the big one.
If we break and hold above 87k, I can easily see 90k coming next.
Still, bitcoin could get rejected again and dip back toward 83k-80k.
If we break and hold above 87k, I can easily see 90k coming next.
Still, bitcoin could get rejected again and dip back toward 83k-80k.
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