BTC update - Jan 15 2024
Following previous analysis, BTC chose the white path and so far everything has happened accordingly.
after today's CPI news BTC rose to fully engulf 99,500 zone and pick up the possible short orders.
Crossing below the blue trendline is the trigger for a market dump but its momentum and magnitude is important.
If we see a choppy small dump, market will probably go crazy green afterwards but a strong and deep dump will probably take BTC towards 80,000 zone.
after today's CPI news BTC rose to fully engulf 99,500 zone and pick up the possible short orders.
Crossing below the blue trendline is the trigger for a market dump but its momentum and magnitude is important.
If we see a choppy small dump, market will probably go crazy green afterwards but a strong and deep dump will probably take BTC towards 80,000 zone.
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