Bitcoin (BTCUSD) - Whiskers Away From Destruction

7 giorni fa

Perma bulls are screaming $250,000 whilst perma bears are hollering the top is in. Currently, we sit below $100,000 with $98,405 being the key resistance over the last few days.

Something BIG is brewing and it could take both buyers and sellers out of the market short term.

Whenever price action trades within a tight range like what we have been seeing for several of days, liquidity spikes tend to show its face; whether that’s to the upside or downside, it’s anybody’s guess.

But the question I keep asking myself is, where does the most pain lay? Trading back up inside the premium range or sinking down to discounted prices @ $88,000?

I guess time will tell…..

5 giorni fa

Nota

Mid-week analysis

No major movements as for now.
Price still below $98,405

Expecting lower prices

l’altro ieri

Nota

With 12 hours remaining before the weekly candle closes, we are still trading inside of the tight range mentioned in last weeks analysis.
But with BYBIT being hacked for over 1BN recently, we could see displacement in the market if the situation escalades