Bitcoin is still stuck in the same range and that’s why it feels “dead” right now. Price keeps failing to close above $90,000, and that level is strong because several signals line up there (the main trading zone/POC and the 0.618 Fibonacci area). Every time BTC taps that zone, it gets pushed back down.
Zooming out, BTC is basically rotating inside a bigger box: $97,500 on top and $80,500 on the bottom. Right now it’s sitting near the middle around $87,000, and the middle of a range usually gives no clear direction.
The key level to watch is $85,500. If it holds, BTC can keep chopping sideways. If BTC loses $85,500 on a closing basis, the downside risk increases toward the lower end of the range near $80,500.
https://i.redd.it/yaj1h7rm6m9g1.jpeg
Posted by ROUCHBEN
1 Comment
This is absolute gibberish. Go mow the neighbor’s lawn or eat some Christmas food.