As we assess the current market dynamics of Bitcoin (BTC), it's evident that the bullish streak, which has persisted for the past week, is gradually winding down, hinting at an imminent reversal in the near future.
Over the recent days, sellers have been steadily gaining traction, laying the groundwork for a shift in momentum that could drive prices downwards.
Once the requisite resistance levels are firmly established, we anticipate a notable bounce-off, likely around the $51,102 mark.
Looking ahead, it's conceivable that following the consolidation phase at the resistance levels, BTC's price trajectory may oscillate within the range of $45k to $51k before initiating a reversal, potentially dipping to
41K
and subsequently the $34k zone.
It's imperative to exercise discretion in trading activities when levels are being built.
Remember, trading daily isn't obligatory, and sometimes it's prudent to observe from the sidelines, especially when clear signals from Price Action are lacking.
Risk management is everything!
Wishing you all a Happy Valentine's Day, filled with love and prosperous trades 🌹
~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔
𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘
Over the recent days, sellers have been steadily gaining traction, laying the groundwork for a shift in momentum that could drive prices downwards.
Once the requisite resistance levels are firmly established, we anticipate a notable bounce-off, likely around the $51,102 mark.
Looking ahead, it's conceivable that following the consolidation phase at the resistance levels, BTC's price trajectory may oscillate within the range of $45k to $51k before initiating a reversal, potentially dipping to
41K
and subsequently the $34k zone. It's imperative to exercise discretion in trading activities when levels are being built.
Remember, trading daily isn't obligatory, and sometimes it's prudent to observe from the sidelines, especially when clear signals from Price Action are lacking.
Risk management is everything!
Wishing you all a Happy Valentine's Day, filled with love and prosperous trades 🌹
~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔
𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘