Market Cap BTC, $تم تحديثه A Hopefullly Less Deluded Forecast
Judging by how the market has been moving, if buyers aren't showing up soon the price is likely going to be pushed into the 1D ichi cloud where we could see a quick drop from current levels to 86 once shorts start looking safer. Maybe some suppression again if the price tries to break into 91-93 in an attempt to push even lower and maybe wick into 80-82k where the cloud stops.
If market stays bullish like its been it could be ATH again from there, although if sentiment shifts considerably by the time it reaches 86-88, I'm sure plenty of big newcomers who want it cheaper are aware there just is not much of any support or price discovery between 86 and 77. If the large cap alts do another big massive dump when BTC breaks below 91, it might be good to watch carefully at 86k before jumping on a big long.
Very speculatively thinking, if 91k keeps holding up my best guess is we will see sideways for a much longer time... maybe a week or more. Something perhaps like a shallow cup that bottoms around 89k and then breakout only after 100k or so.
If market stays bullish like its been it could be ATH again from there, although if sentiment shifts considerably by the time it reaches 86-88, I'm sure plenty of big newcomers who want it cheaper are aware there just is not much of any support or price discovery between 86 and 77. If the large cap alts do another big massive dump when BTC breaks below 91, it might be good to watch carefully at 86k before jumping on a big long.
Very speculatively thinking, if 91k keeps holding up my best guess is we will see sideways for a much longer time... maybe a week or more. Something perhaps like a shallow cup that bottoms around 89k and then breakout only after 100k or so.
تم فتح الصفقة
Looking more and more like the move, break into cloud likely by next weekend.
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