Daily, #BTCUSDT - Will BTC break the bull trap and hit 100k?
*The signal on Bitcoin's daily frame shows that the 50 MA crosses the 100 MA and goes up, the chart is forming a bullish reversal.
However, BTC needs to break through the $54,000 area first in the future, if the price is indeed supported by a massive amount of strong buying from FOMO bulls.
- Bad Scenario: BTC breaking $50,000 is a false bullish breakout. The price will reverse and undergo a massive sell-off to $45/36/32,000.
- Good scenario: We will see a growth signal in the next 2 weeks. BTC could rally to $58,000 and the price will have a correction to retest the $50,000 zone once again. we should see the next high of $60,000 and even $70/$80/$100,000.
Adhere to good investment principles and capital allocation.
Wishing everyone a great start to the week!!
However, BTC needs to break through the $54,000 area first in the future, if the price is indeed supported by a massive amount of strong buying from FOMO bulls.
- Bad Scenario: BTC breaking $50,000 is a false bullish breakout. The price will reverse and undergo a massive sell-off to $45/36/32,000.
- Good scenario: We will see a growth signal in the next 2 weeks. BTC could rally to $58,000 and the price will have a correction to retest the $50,000 zone once again. we should see the next high of $60,000 and even $70/$80/$100,000.
Adhere to good investment principles and capital allocation.
Wishing everyone a great start to the week!!
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