Bitcoin / TetherUSUpdated Bearish February ?
The trendline intersacttion shows next bounce on the daily which will break the downward trandline on 4H.
Liquidations over 1B around 109K let's think to a recovery before the next beaarish phase.
A pullback to the psychological levl of 100K is imminent. The bounce of the lower band this range can change the bullish trend and push the price to the last short-term target area.
There's a possibility of stronger drawdown once there. The price may return to the range kept from December, with millions ready to be liquidated and new orders at 96K.
A breakout of the 96K level can be positive for the seller since it will indicate a recover of inefficiency areas at 92K and 86K.
The long term analysis keeps a bullish trend, with monthly target over 120K. I expect a great 2025 in the whole crypto world.
The next week bearish phase will attract more investor and so, liquidity and inflate the price for this upward phase.
Liquidations over 1B around 109K let's think to a recovery before the next beaarish phase.
A pullback to the psychological levl of 100K is imminent. The bounce of the lower band this range can change the bullish trend and push the price to the last short-term target area.
There's a possibility of stronger drawdown once there. The price may return to the range kept from December, with millions ready to be liquidated and new orders at 96K.
A breakout of the 96K level can be positive for the seller since it will indicate a recover of inefficiency areas at 92K and 86K.
The long term analysis keeps a bullish trend, with monthly target over 120K. I expect a great 2025 in the whole crypto world.
The next week bearish phase will attract more investor and so, liquidity and inflate the price for this upward phase.
Trade active
Bearish Momentum stronger than assumed.
The 96K target taken. Buyers bouncing zone.
<now 102K ?
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