But let me ask a question. I saw on news that bitcoin can fall to $85000. What do you think about it this time?
You have already explained why $85000 is the most predicted price for bitcoin to fall to, it’s because there is lots of liquidity down at that side, as an SMC trader it is a perfect place to have an order block placed at, because we all know how the market actually goes chasing the liquidity, the ones at $89000 have already been induced next up should be the $85000 but this will be possible only if there is a huge negative news in the market because current support at $95000 is looking very strong at the moment, although same as the resistance at the $98000.
For me if we remain in this ranging period for a while I think the market will actually go up to clear the up rather than coming down for the ones at the bottom reason been that this news around is anticipation for a bullish movement at the moment. But should that not stick and we get some negative economic news then it is possible the next low to be tested will be the $85000