" #Bitcoin " to 70 thousand or a violent bounce back? A pivotal moment in the market.
📊 Sharp division among traders: Will #BTC drop to 70,000 or bounce back strongly? #بيتكوين is trading near $88,000 as the weekly close approaches, amid a significant divergence in expectations between a strong rally soon or a deep drop to levels not seen in over a year.
Key points: • The market is stuck below $90,000 and short-term movement expectations are mixed. • Bullish targets reach 150,000 USD against a bearish scenario towards 70,000 – 72,000 • Bitcoin flows to Binance raise concerns of additional selling pressure
Bullish Scenario: • Some analysts expect a bullish breakout in the coming days. • The possibility of a wave of rise towards 98,000 – 100,000 before any correction • A new historical peak is expected to be recorded within the fifth wave according to Elliott's theory.
Downward scenario: • Breaking the 90,000 level with 1.4 billion dollars entering Binance • The price is likely to bounce back to the strong demand zone at 70,000 – 72,000 • Technical indicators historically preceded corrections of 40%–50%
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" #Bitcoin " to 70 thousand or a violent bounce back? A pivotal moment in the market.
📊 Sharp division among traders: Will #BTC drop to 70,000 or bounce back strongly?
#بيتكوين is trading near $88,000 as the weekly close approaches, amid a significant divergence in expectations between a strong rally soon or a deep drop to levels not seen in over a year.
Key points:
• The market is stuck below $90,000 and short-term movement expectations are mixed.
• Bullish targets reach 150,000 USD against a bearish scenario towards 70,000 – 72,000
• Bitcoin flows to Binance raise concerns of additional selling pressure
Bullish Scenario:
• Some analysts expect a bullish breakout in the coming days.
• The possibility of a wave of rise towards 98,000 – 100,000 before any correction
• A new historical peak is expected to be recorded within the fifth wave according to Elliott's theory.
Downward scenario:
• Breaking the 90,000 level with 1.4 billion dollars entering Binance
• The price is likely to bounce back to the strong demand zone at 70,000 – 72,000
• Technical indicators historically preceded corrections of 40%–50%
📌 Summary:
The market stands at a crossroads — the breakout or critical breakdown will determine the upcoming direction.
#BTCTechnicalRecoveryAfterBreakdown
#BTCUSDT
$BTC
$ETH