Trade Position and Rationale:
I am currently holding a short position (entrey at $68,600) based on the rejection at the $70,000 resistance level. This level has proven to be a formidable barrier, suggesting strong selling pressure. The additional indicators reinforce this bearish sentiment.
Key Levels to Watch:
Primarly, as the VRVP shows, we are having the...
I’m updating my previous published idea, which remains active, with a new analysis of the Bitcoin chart based on chart patterns. This method appears more robust for predicting price movements, especially as I don’t foresee any external factors significantly impacting Bitcoin’s price in the coming months.
Technical Analysis
According to the chart, Bitcoin’s price...
