Bitcoin Price Outlook – Short-Term Bearish Bias
Bitcoin is currently showing signs of internal weakness following a strong rejection from recent highs. We observed an internal liquidity sweep, which was quickly followed by a sharp downside move, indicating potential exhaustion of bullish momentum.
Unless the 2H candle closes decisively above 105K the price is expected to remain under pressure. Expected Target 100K to 98K
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Bitcoin is currently showing signs of internal weakness following a strong rejection from recent highs. We observed an internal liquidity sweep, which was quickly followed by a sharp downside move, indicating potential exhaustion of bullish momentum.
Unless the 2H candle closes decisively above 105K the price is expected to remain under pressure. Expected Target 100K to 98K
if you like this idea if you have on Opinion about this analysis Share in comments .
Trade closed: target reached
1st Target Hit almost entering in 2nd Target
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.