BTC A CRITICAL POINT IN THE BULL RUN! EMMERGENCY FOR EVERYONE.
Yesterday after BTC reaching 80K, a wrote a post highlighting whats next for BTC. If you dint read it, please first follow me and go and read it right away because what am about to address here is a sequel to that post. As i write this BTC is dancing between 81k to 82K. Something i talked about yesterday. So the big question in the room is what next for BTC!
Just know we are at a critical point for BTC, there are 2 posible scenarios for BTC right now. Scenario 1(lets call it the most probable scenario about 60% chances). Btc has been in a channel and it broke out of the channel as you see the picture below and went into the upper side of the channel. The rules of channel state that when price breaks out of a channel it goes into another parallel chanel ashown below. Now it supposed to come down and retest the lower line of new channel which for this case is in 68-70K. after retesting then it continues with move up. in other words a correction is around the corner. Since BTC is at the critical price of 81k-82K. This is the zone of upper line of the channel which is supposed to reject BTC. The second scenario which is less probable(40%) is BTC to breakout of the second channel again which would mean BTC to fly all the way to 100K. In my opinion this is less likely, there has to be a correction before we go up. That being said, the game is to be prepared for both scenario its just important to be aware that we are at a critical point of the market, a transition and this is usually a point to watch out carefully because its very possible to make a lot of money or lose a lot of money at this junction. #Write2Earn! #BTCNear82k i remain your trusted analyst Crypto Dragon like subscribe and share this is very important info for the crypto community. We are at the yellow line a crossroad where price can either continue going up or it comes down to retest the lower channel line. Watch very closely pay attention!