WHY BITCOIN COULD DIP MORE: BE CAREFUL
Previously, on January 18th—before the inauguration—I shared an article predicting that Bitcoin could crash from $110K to $76K.
Now, after a month and several weeks, we’ve seen Bitcoin reach the same levels I mentioned.⬇️⬇️
This article isn’t about self-praise but rather to clarify why I believe the current zone I predicted will serve as a partial buy level, potentially driving the market toward a peak of $86K–$89K that might be followed by a dip towards 63$k-70$k
❤️📌There were several reasons behind my previous outlook for $BTC , and there are also key factors influencing my adjusted perspective. In this article, I’ll explain both and also share how to confirm whether my view aligns with market movements—so be sure to read till the end.
I won’t always be right because financial markets are unpredictable, but my experience and knowledge in the field allow me to be right more often than not.
As for my current position, I bought at $79.5K and plan to take profits at $86K, just as I shared today.
My view on Bitcoin
I see the big buy area to be around 63$k-70$k peak
📌This doesn’t mean I am not coin to take advantage of volatility
If I say big buy level it means the level I see it to be the strongest that can break the current high
This is what I mean ⬆️✔️ that is why I call it the strongest buy area 📌
I have shared several reasons why I see this zone to be the Best Buy area on high time ❤️📌 I wont dive deeper in to it in this article because i have shared more than enough on my pin post 📌 check my profile and read please ❤️❤️
This article will focus on the current level and reasons why I see take profit at 86$k-89$k even though for safety sake I am looking for take profit at 85$k-86$k
Note: There are several school of traders in the market 📌 each of them see market different 😊 I do consider this traders and what they are thinking to conclude of what will likely happen
1. From this angel ⬇️ Fib level traders will definitely be looking for 61%-50% buy on an impulsive wave from 49$k -110$k
So majority of this school of traders will be looking for a buy on their area
Both monthly and weekly
2.on the 4hours time frame ⬇️
most of the support and resistance traders will be looking for a buy on the current support
Just as I shared today that I bought at 79.5$k and looking forward to take profit at 85$k-86$k and see what next because overall I am bearish
Because the confirmation is from major market holders and minor it can spark ⚡️ a strong buy on high percentage
Market sentiment
If we should buy from this area calling it support level then we must consider the resistance zone which lies between 86$k-90$k
It is very possible to see a reversal from this zone if our bearish sentiment should be valid 📌😊 so it is better to take profit at third area and wait to see what next
📝 if you want to know why I am bearish just as mentioned kindly read my article on my profile..
It is stated as “ 7 logical reasons why Bitcoin could sell to 63$k-70$k”
Someone may ask 😃 what if bitcoin breaks the resistance?
If it does and close on higher time frame I will revisit my analysis and make adjustments and then update the public
It is a financial market and anything can happen even though I am incline to market dipping 📌📌
It is always good to have general view about the market 😊 it will influence how you see it
Please this is a transparent analysis 😃 which I have shared only a few of the reasons why 📚 there are several reasons but this is enough for new traders and average traders to benefit
Let not make analysis complex ❤️❤️❤️❤️
Please it is up to you to decide based on my transparent analysis ❤️📌 and kindly share ❤️ like and comment ❤️
Make sure you are following me too for best update ❤️ I have noticed how many influencers steal our analysis 📌 it tells us more about the accuracy ❤️❤️
Ramadan Mubarak to everyone ❤️
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