23.12.2024 - BTC, hah, divergence?

📈🚀 Bullish on BTC? Let’s Break It Down! 🌟

Hey everyone! 🙌 Here’s my latest analysis on BTC – the king of crypto is at an interesting point right now!

Current Situation:
BTC is currently trading at 93.5k, but I’m watching a potential retracement to around 89K, which aligns with the recent support level.
Why? A beautiful divergence is forming on the RSI, which could set the stage for a reversal! 🎯

Also worth noting: BTC is currently trading below all EMAs visible on the chart, which makes the bearish sentiment for now. But this setup could offer a great opportunity for a bounce!

The Plan:
🔽 Support to Watch:
89K: Key support zone. If BTC holds this, we could see a strong bounce! 🛡️

🔼 Resistance to Aim For:
96k: The previous resistance. If BTC recovers from support, this will be the first major test. 💪

What Could Happen Next?
I expect outflows from BTC to stabilise in ETH, helping BTC steady itself. Once support holds, BTC might reclaim momentum and make a strong move back toward resistance. 📈🔥

Odds:
I’d say we’re looking at a 65/35 chance for the bullish scenario to play out, AFTER DIVERGENCE XD!
Let’s see if BTC can pull off another rally! 🚀

#Trading #BTC #Crypto #SupportAndResistance #Investing

What’s your take on BTC’s next move? Share your thoughts below – bullish, bearish, or just watching the charts? Let’s ride the waves together! 🤑💎