According to technical analysis;
$BTC current price of $84,095 has likely caught everyone’s attention, and it’s at an exciting crossroads. Here’s a breakdown of what might unfold in the next six hours based on technical insights and market movements.
Current Technical Landscape:
1. Indicators & Momentum:
The RSI on the 1-hour chart is approaching an overbought zone, showing that buying pressure has been strong but could be reaching a peak. A dip or correction might occur as buyers pause for a breather.
MACD is showing bullish momentum, but a slight divergence could signal that the upward momentum is losing steam. This suggests that while bulls are still in control, they may be tiring.
2. Support & Resistance Levels:
Support: Around $83,500 - This level has held well recently, so if BTC pulls back, this could be the area where buyers jump back in.
Resistance: Around $85,500 - If BTC keeps pushing upward, this is the first line of resistance it’ll face.
3. Whale Activity:
Whales are showing some movement but appear cautious. Some large orders are being placed at lower prices, indicating they might anticipate a small pullback before considering larger buys again.
Next Move - Prediction:
Scenario 1: Bullish Continuation
BTC could push up to test that $85,500 resistance if buyers maintain control. If volume increases, we might see BTC attempt to break through and rally higher. A breakout could trigger a new wave of bullish momentum.
Scenario 2: Brief Pullback
If the overbought signals kick in, BTC could pull back to $83,500, where buyers might look for value entries. This pullback would give the bulls a chance to regroup and possibly resume an upward move later.
Best Trade Setup:
Short-Term Strategy (6 hours): Watch for price action at $85,500. If BTC hits resistance and stalls, a short trade could be considered for a quick move down to $83,500, targeting a potential pullback.
Long-Term Strategy: If BTC pulls back to the $83,500 support, this could be an attractive entry for a long position, targeting $85,500 or beyond.
Bottom Line:
BTC is looking bullish overall, but with signs of a possible cooldown. The smart play could be to let the price action confirm either a breakout above $85,500 or a pullback to $83,500, where you can either join the bulls on a dip or take a short-term short position to capture some profit.
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#BTCBreaks84k

Bitcoin is trading at unprecedented levels, nearing a potential six-figure valuation following Donald Trump’s recent win in the U.S. presidential election.
On Nov. 11, Bitcoin’s price surged past $82,410 at 10:19 am UTC, according to Bitstamp data, setting a new record.
Ryan Lee, chief analyst at Bitget Research, suggests this could be a brief stop before Bitcoin advances further, possibly reaching $85,000 within the week.
Lee told Cointelegraph: “This week, we expect the volatility of BTC and ETH to continue to increase, with potential upward breakthroughs followed by rapid corrections. The predicted range for BTC this week is between $76,000 and $85,000.”
Trump’s election victory has spurred increased interest in high-risk assets like Bitcoin, and some analysts at Bitget believe this momentum could push Bitcoin past the $100,000 mark before the year’s end.
Options markets reflect strong investor confidence in Bitcoin’s upward trajectory, with Lee explaining that “BTC call options have become significantly more expensive than put options, showing a strong bullish bias and a degree of market consensus for further upward movements.”
As of Nov. 11, Bitcoin’s market cap has exceeded $1.6 trillion as its price continues to climb.
Ether is also rallying, benefitting from Bitcoin’s record-breaking performance.
Over the weekend, Ether broke past $3,200, lifted by Bitcoin’s surge past $80,000.
#BTCBreaks84k
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