Bitcoin Breaking the Horn or Sounding the Trumpet?
In my last post on November 28, 2024, I discussed Bitcoin’s rising wedge and wondered if the “horn of doom” would break bearish or bullish. Since then, Bitcoin has surged, flowing its trumpet all the way to $108,388.88.
Fast forward to today, and Bitcoin is once again at a critical juncture. For the past few days, it’s been trying to break through resistance at $99,264.37 the Fibonacci 0.786 level but has failed repeatedly.
The big question is:
👉 Will Bitcoin blast through this key level and flip the trend around?
👉 Or are we looking at a possible retest of the Fibonacci 0.5 level?
This could be the moment where Bitcoin either reignites its bullish momentum or takes a breather before the next big move.
What do you think?
📉 Bearish retest or 📈 bullish breakout?
Drop your comments below and share your thoughts!
Fast forward to today, and Bitcoin is once again at a critical juncture. For the past few days, it’s been trying to break through resistance at $99,264.37 the Fibonacci 0.786 level but has failed repeatedly.
The big question is:
👉 Will Bitcoin blast through this key level and flip the trend around?
👉 Or are we looking at a possible retest of the Fibonacci 0.5 level?
This could be the moment where Bitcoin either reignites its bullish momentum or takes a breather before the next big move.
What do you think?
📉 Bearish retest or 📈 bullish breakout?
Drop your comments below and share your thoughts!
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