At this point, IMO I feel BTC is heading to 92k or lower from my view of how weekly TF is, but I'll expect a pullback to either 105k or 104k before going to 92k. We might get to 86k, but I can't say for that now till we get to 92k first. what is your View on BTC?
During when the war was still ongoing and on its heat, I have never imagined that bitcoin will go as low as $86K even if it went below $100K. Now that the war is over or rather suspended, we can’t see it happening now again but hoping to see it creates a new all time high soon. The war really caused some setbacks in the market but the market has recovered back and heading towards $110K again which is what we are expecting of the market.
and then war happens and chart become bearish alongside with the news, guess the news following the chart this time around.Now bitcoin is looking good, it's about to retest resistance at the top possibly breaking the channel pattern and can go shoot up toward $130k level. The double top pattern already got its structure broken, see the chart around march 2024 to oct 2024, it's surprisngly look a lot like that and guess what happen when the channel pattern were broken.
We're in for a good time if the best scenario plays out
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