BTC -- Whats next ??

Bitcoin has been on a wild ride lately, currently sitting around 96.5K. But if we zoom out and take a closer look at the charts, there’s a strong case for a pullback—possibly all the way down to 70K.

Why? Well, let’s break it down.

First off, Bitcoin made a rapid move from 70K to 90K without much resistance, creating a massive liquidity gap. In simple terms, that means there wasn’t enough trading activity in between to establish solid support levels. And what happens when there’s a liquidity gap? The market often comes back to “fill” it, meaning prices could revisit that zone before making their next big move.

On top of that, I’ve developed an indicator based on wave trends that calculates price differences between key cross points. My latest calculation shows that the last cross happened on December 23, 2024, at a price of 93.5K. Historically, there’s been an average price difference of about 8.5K between these waves. My estimated cross points are 85.2K, 76.5K, and lastly 70K. These values are rounded, but the logic remains the same—the price will likely move in waves, oscillating up and down between these indicated points before deciding its next major direction.

That said, if there’s a trend change, Bitcoin could push beyond 102.5K and move even higher. The previously mentioned three cross points aren’t something to fear; they’re just part of Bitcoin’s natural volatility. And let’s be real—volatility is the lifeblood of a trader. Without it, there’s no profit to be made. Those who buy Bitcoin at lower price ranges will naturally sell when the price moves higher to secure profits. Who can blame them? I’d do the same thing too.

Now, this doesn’t mean Bitcoin is doomed or that it won’t recover. It just means that based on historical price action and liquidity gaps, a correction to 70K makes a lot of sense.

Of course, crypto markets are notoriously unpredictable. While technical factors like liquidity gaps and wave trends point to a downside move, things like macroeconomic news, institutional demand, and unexpected hype could change the game in an instant.

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So, what’s next? Keep an eye on those key levels—85.2K, 76.5K, and 70K. If Bitcoin dips into that zone, it might just be a golden buying opportunity before the next leg up. And if a trend shift happens, we might see it shoot past 102.5K. Stay sharp, stay informed, and trade wisely!
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### General Weekly Technical Analysis

**Current Status:**
Bitcoin is currently trading around 96.5K, showing some signs of uncertainty after a strong upward move. The market has been highly volatile, and traders are closely watching key levels to determine the next move.

**Resistance Levels:**
- **100K-102.5K:** A psychological and technical resistance level. If BTC breaks this range, it could confirm a strong bullish trend.
- **98.5K-97K:** Immediate resistance, as Bitcoin is struggling to maintain stability above this level.

**Support Levels:**
- **85.2K:** A mid-level support where buyers might step in to slow a potential decline.
- **76.5K:** A key support zone where Bitcoin could find stronger demand.
- **70K:** A major support level, aligning with previous price movements and filling the liquidity gap left from earlier rapid price increases.

**Indicator Status:**
- **Moving Averages:** The shorter-term moving averages are showing some weakness, indicating a potential slowdown in momentum. However, the long-term moving averages remain bullish.
- **RSI (Relative Strength Index):** Currently hovering around neutral levels, suggesting that Bitcoin is neither overbought nor oversold.
- **MACD (Moving Average Convergence Divergence):** A possible bearish crossover is forming, which could indicate short-term downside pressure.

Bitcoin's current position suggests a make-or-break moment. If it can break above 97K and push toward 100K-102.5K, we could see a bullish continuation. However, failure to hold above current levels could lead to a test of the support zones at 85.2K, 76.5K, or even 70K.
This is not a investment advice , we are saying only what we see in the chart with analytical mind , trade at your own disretion.