Bitcoin Top and 27% Pullback Likely To $32k Support?
Looking like Bitcoin topping out here and in need of refresh and retest of lower support.
Since BTC commonly has 25%-27% pullbacks to support, this is looking more like a 'Sell the News' setup for when the BlackRock ETF likely gets approved in early January.
For this rally to sustain and hit our higher projections of 100k, 155k, or even 210k, Bitcoin needs to retest support around 32k level in my opinion.
At least a pullback to 38k before resuming the push higher to the
48K - 50k Golden Pocket.
What do you think Bitcoin goes next?
Since BTC commonly has 25%-27% pullbacks to support, this is looking more like a 'Sell the News' setup for when the BlackRock ETF likely gets approved in early January.
For this rally to sustain and hit our higher projections of 100k, 155k, or even 210k, Bitcoin needs to retest support around 32k level in my opinion.
At least a pullback to 38k before resuming the push higher to the
48K - 50k Golden Pocket.What do you think Bitcoin goes next?
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
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Trading Signals: CryptoMastery.org/pro
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moonstream.io/work-with-me
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
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