$BTC



Price got rejected at this 94 500$ level on the 4 hours chart.

But it quickly bounced back up and closed at 93 700$ on the daily chart.

Either way, this level wasn't very strong because it is far away (26 days) and got only retested only once before today.

Nothing is 100% sure here and I could be wrong. This is not the best moment to start trades on BTC.

My most likely scenario is a retest of this level and potential breakout to 100k

We had a sharp dump from 120 000$ to 85 000$ through October and November.

A pullback to 100k would be healthy. And in addition to that, it's usually better to trade with the trend.
BTC-1.54%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt