BITCOIN → The market is getting ready to pass 100K. New targets?

30 Nov

BTCUSD after a strong rally is consolidating without the possibility to form a deep correction, which indicates that the coin is ready to update the highs and go higher, for example, to 100-105-110K.



Despite the fact that bitcoin is losing its dominance in the market and it is possible to say that the alt season is open, the flagship of the cryptocurrency market has a huge potential to continue the rally. At the very least, the market is interested in reaching 100K, from which we are one step away.
Fundamentally: whales continue to accumulate the asset, buying up at every opportunity. Trump with his policies on cryptocurrencies is still a strong driver for the flagship and the cryptocurrency market as a whole...
Technically: The recent local correction is just a trap to gather liquidity before further growth. Pullbacks are now attracting large institutional buyers

Resistance levels: 99K, 100K
Support levels: 94.7K, 91.25K, 89.2K

An ascending triangle can be seen on the chart, which can be interpreted as a buyer's interest in breaking the resistance. The bulls continue to put pressure on the market.
Trigger 99K. If this zone is broken, bitcoin could go to 105K

Rate, share your opinion and questions, let's discuss what's going on with ★ BTCUSDT ;)

Regards R. Linda!

1 Dis

Dagangan aktif

Bitcoin also has an important level of 97120, which is being tested with the aim of breaking it and continuing growth.
You can see how the level divides the chart into two parts and at the moment a pre-breakdown consolidation is formed in relation to this resistance.

Breakout and price consolidation above 97120 - 97250 may provoke further growth.

5 Dis

Dagangan ditutup: sasaran tercapai

100k