BTC to $100K - What's Next?

in voilk •  17 days ago

    BTC Update.png

    Major milestone for #BTC hitting 100K!!

    BTCUSDT_2024-12-05_17-46-50_f99c9.png

    After a short correction we saw a break to the long awaited 100K

    Why I believe a sweep below is in the forming for the nex 5-10 days:

    1. The highest liquidity was above 100K, it got swept

    2. Price retraced to 60%, then extended to the current zone with forming a HTF FVG

    3. Given the liquidity now is way low, it needs to extend a bit more to the 1.382 - 1.618, which is a deviation, form some liquidity then trick everyone that we'll continue to 110-115k

    4. Plenty of retail will now go long on it given it passed the psychological barrier - will attract even more late longs

    5. The #TOTAL market cap is already extended and the funding rates are heating up quite fast

    Be on the lookout, take some profits if possible and prepare for the next leg up in around a week!

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