Since hitting $82.8K on September 3, #Bitcoin has been locked in a tight sideways consolidation. Bears are calling it a local top, but the Murrey Math structure shows bitcoin:native coiling inside a critical decision zone. Here is the roadmap: ⚡️ Bull Case: Hold the 5/8 level at $78.1K and reclaim $81.25K. That opens the door to $84.3K, followed by the ultimate resistance at $87.5K. ⚠️ Bear Case: The daily momentum oscillator has printed a bearish cross from overbought territory. A daily loss of $78.1K could trigger a mean-reversion move toward the major pivot at $75,000. The macro trend remains firmly bullish, but short-term momentum is warning against chasing. Are you buying the consolidation, or waiting for $75K? 👇
MargoMDesigns🛡️Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.