Move ready for BTC Could go Either Way

Bitcoin is at a pivotal level for price, and indicators show a move is incoming. Nationally, overbought conditions and other fundamentals make a bull market or at least a substantial dip likely. Global economics has people seeking safe havens from fiat currency. Other top tokens (including EVM tokens, perhaps not Ethereum) should follow suit closely with BTC.

Analysis

What The Chart Says

• We're having heavy resistance at current levels ~$60k
  
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• Price/Volume Divergence: From Oct-Jan price & volume were in sync for the bull run. After this we've seen three noticeable divergences, all of which indicated a trend reversal soon afterwards.
  
• I've outlined two scenarios, again, depending on other conditions in the next days/months one, both, or part of each may play out—again, a dip is likely before we enter a new price discovery zone—but either way the long-term outlook is bearish.
  
• I don't expect the low volume we're having to push us above new ATH aside from shaking out long positions.
  
• I think it's likely we're entering Phase E of a Wyckoff accumulation, and will see a price at or near the ATH before lows close to Q4 2020
  
• If the bearish scenario plays out, we have a large buy zone, the price went up so fast Q4 2020 that there's virtually no volume between $20k-$34k
  

*** Wait for confirmation before entry!!! ***

Bullish Analysis

• Entry: $66.8k
  
• Stop-Loss: $62.8k
  
• Conservative Take Profit: $72.4k
  
• Take Profit: $112k + --> Price Discovery Phase
  
  

Bearish Analysis

• Short Entry: $53.9k
  
• Stop-Loss: $58.6k
  
• Buy Zone: $20-$30k depending on conditions. A close below $24k would indicate lower buying ~$20k zone, strong buy volume and sharp resistance at any level in this zone should be seen as an attempted buy zone.
  

NOTE:
This is not financial advice. I am just sharing my outlook with you.