Bitcoin (BTC): Price Moved From $105K to $90K / Possible Drop??

9 Des 2024

On a daily timeframe, we are looking to see today's candle close at least below 99K, which would give us a possibility to form another candle with aggressive pressure from sellers, where then we will be looking to see the bigger move that we have been looking for.

What is interesting there is the candle that was formed on the 5th of December, where after touching the new ATH zone of $104,500 we had a quick dip to 90K, which showed the need for liquidity grab.

So we took it as a first sign of weakness and possible target zone to be reached for many buyers who been waiting for 100K.

Now it is time to see some proper corrections so all eyes on BTC!!!

Swallow Team

10 Des 2024

Catatan

Bitcoin has done a good liquidity movement at the start of the week, which compared to last week did not get such a strong recovery.

We are seeing the demand for lower zones to grow so we are still waiting for our entry to be broken, where the next major zone to test would be 200 EMA (which we want to see broken).

So currently our watching zone is 91K.

11 Des 2024

Catatan

Bitcoin has recovered and is heading back towards ATH.

100EMA pushed the price back towards the major resistance and so far it seems to be breaking it pretty easily.

Our attentions are currently at 105K, where we will be monitoring how the price will react to that zone again!

Ideally, we should see liquidity move there and then back to lower zones but nothing is for sure now so we wait!

12 Des 2024

Catatan

Bitcoin is back at 100K, a very volatile zone with a lot of uncertainty there.


Well, we are in interesting times currently as the year is ending and we are near a major resistance zone (psychological).


So overall we are looking to see the correction (as always, we are professional shorters so we wait for our setup on this side).


Now, before we look into our setup, we expect the ATH zone to be re-tested and some liquidity to be taken out there as well.


Remember, in current times, it is best to trade with small leverage; we will see a lot of liquidation hunting happen very soon!!

13 Des 2024

Catatan

Bitcoin has again some kind of liquidity move while trying to breakout from the 100K resistance zone.

We are seeing that this zone is full of unclarity and the best thing to do is just to wait for a clean breakout or breadown from this zone to see where we will go next.

Overall, Bitcoin has been in consolidation for some time now so we might see some very sharp moves soon!!