$BTC HAS A BOTTOM BEEN FORMED IN THE SHORT TERM?
I don't expect too much volatility, but I am still monitoring a few scenarios for this weekend.
If Bitcoin breaks through the 88k8 level and tests the resistance area above 93k, I will look for short opportunities if the price cannot surpass that.
There is a lot of liquidity in the 93k-97k range that hasn't been swept yet; I am waiting for a CME GAP in this area. Historically, every time there is a Gap, the likelihood of a close is almost 90%.
If the initial upward momentum is lost, a drop down to around 85k890 dollars is entirely possible. When it reaches that level, I will wait for a reversal to buy in.
If the price rises to around 89k375 dollars (the top resistance level), I think we could reach 90,400 dollars (but I don't expect too much, guys).
What do you think the price of Bitcoin will be like next week??
THIS IS PERSONAL OPINION DYOR GUYS
