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If Bitcoin breaks above this level. $100,000 is next. 🤯

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Crypto Rover

1,610,043 subscribers

132,136 Aufrufe • vor 3 Tagen •via X (Twitter)

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$BTC has the biggest liquidity cluster around the $50,000 level. Electrical cost, CVDD, and Realized price are also indicating the bottom around $50,000. IMO, Bitcoin will tap this zone before a pump above $100,000.
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BITCOIN IS APPROACHING A KEY BREAKOUT ZONE. From a Fibonacci retracement perspective, $76K is the level to watch. If price can break and hold above it, the upside opens up toward the next resistance around $85K. That $85K area has also seen selling pressure before, making it an important level to watch.
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BITCOIN IS APPROACHING A KEY BREAKOUT ZONE. From a Fibonacci retracement perspective, $76K is the level to watch. If price can break and hold above it, the upside opens up toward the next resistance around $85K. That $85K area has also seen selling pressure before, making it an important level to watch.

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Bitcoin survived a 83% drawdown in 2018 and a 78% drawdown in 2022. A similar decline this cycle would put $BTC at around $25,000. As long as Bitcoin stays above $62,000, there’s a decent chance of a relief rally. If that level fails, the next move could be violent.
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Bitcoin survived a 83% drawdown in 2018 and a 78% drawdown in 2022. A similar decline this cycle would put $BTC at around $25,000. As long as Bitcoin stays above $62,000, there’s a decent chance of a relief rally. If that level fails, the next move could be violent.

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BITCOIN JUST PRINTED THE 2022 BULL TRAP. Same wick. Same rejection. Same level. In 2022, this exact setup wiped 70% off Bitcoin. $75K is the line in the sand. Below it: the flush begins. Above it: this thesis is dead. Right now: $76,781...
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