Bitcoin
Singkat

Updated $BTC Chart: Volatility Increasing $51k-54k then $23-25k?

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My latest thinking on BTC:

BTC is in the process of carving a bottom. I think there's likely to be one more pullback to test support here at the $32-34k region and/or slightly sweep the lows before BTC starts moving higher towards the last week of January.

Then I think we should see a strong bounce in BTC which surges upwards towards the $51k region either stopping at that support and reversing lower, or potentially extending all the way up to the 54K resistance before turning lower.

At that point, I anticipate the entire market flipping bullish because of how quickly we bounced, however, I think at that point (towards the middle/end of February), BTC will reverse lower and sweep the lows ending up at support in the 23K-25k region. This should happen towards the middle of March to the middle of April.

Let's see what happens from here. I'll update as I see price action change. The dates on the chart are important pivots for price action.

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