Lower Prices? Ok, But...

It is the first time that MA200 gets tested as support coming off a major high since July 2024. Would you like to call for lower prices? Ok, but, when such an event happens there is always a price bounce. So we get a minimum of a move toward resistance before Bitcoin can produce a lower low.

Another but. But, once the pullback is in and a new decline starts, this decline will end in a higher low rather than a lower low. That's just my speculative opinion of course and we cannot trade, move nor take action based on speculation. We can do take action based on price action and the signals coming from the charts.

The rise that is starting now can have an initial, short-term target, of around $94,000 to $97,000. That's just to start. Depending on how this level is handled we can consider the rest.

We are going up though, but I am giving you the benefit of the doubt, I am staying open to all scenarios, even though market dynamics are as clear as day.

What is your opinion about all of this?
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Thanks a lot for your continued support.
See you at the top. We are winners now, tomorrow, yesterday and forever more.

Thank you for reading.

Namaste.