BTCUSDT - 17th January
📉 BTC/USDT at a Crossroads – Bullish and Bearish Scenarios 📈
Bitcoin is currently navigating a critical decision point, as uncertainty looms over the completion of Wave 4. Here’s a breakdown of the potential outcomes:
🔑 Bullish Path:
If Wave 4 is complete, BTC is poised for a breakout above the 103K resistance level.
Target Zones for Wave 5:
🎯 Target 1: 121K
🎯 Target 2: 129K
A confirmed breakout above 103K would signal the start of a rally toward a new all-time high.
🔻 Bearish Path:
If Wave 4 remains incomplete, BTC might still be forming a triangle or bull flag, which suggests another leg downward.
Possible Downside Levels:
📌
88K to 86K
This would likely mark the final accumulation phase before BTC resumes its climb toward the all-time high.
🎯 Current Outlook:
The 103K level is the key to determining Bitcoin’s next move:
📊 Conclusion:
Bitcoin’s path hinges on resolving Wave 4. Until confirmation emerges, traders should exercise caution and prepare for both bullish and bearish scenarios when planning trades or investments.
Disclaimer:
⚠️ This is not financial advice! Always conduct your own research and trade responsibly.
Bitcoin is currently navigating a critical decision point, as uncertainty looms over the completion of Wave 4. Here’s a breakdown of the potential outcomes:
🔑 Bullish Path:
If Wave 4 is complete, BTC is poised for a breakout above the 103K resistance level.
Target Zones for Wave 5:
🎯 Target 1: 121K
🎯 Target 2: 129K
A confirmed breakout above 103K would signal the start of a rally toward a new all-time high.
🔻 Bearish Path:
If Wave 4 remains incomplete, BTC might still be forming a triangle or bull flag, which suggests another leg downward.
Possible Downside Levels:
📌
88K to 86KThis would likely mark the final accumulation phase before BTC resumes its climb toward the all-time high.
🎯 Current Outlook:
The 103K level is the key to determining Bitcoin’s next move:
- A breakout confirms the bullish scenario.
- A rejection signals potential downside.
📊 Conclusion:
Bitcoin’s path hinges on resolving Wave 4. Until confirmation emerges, traders should exercise caution and prepare for both bullish and bearish scenarios when planning trades or investments.
Disclaimer:
⚠️ This is not financial advice! Always conduct your own research and trade responsibly.
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