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Bitcoin at a crossroads! Get ready for a big move! ๐ฅ
The price movement of Bitcoin is increasing - and this chart shows key signals you need to see!
Technical details:
โข The completion of the parabolic arc indicates a potential peak formation.
โข Strong rejection of the sellers' area near 104.4 thousand
โข Triple support rebound at 102.9 thousand ( bullish demand zone )
โข The upward trend line for LTF has been violated with a potential downward retest.
โข The price is heading towards a breakthrough or a collapse - movement is imminent!
Key levels to watch:
โข Target breakout: 106,000+ ( If the price strongly exceeds 104,400 )
โข Collapse target: less than 100,000 ( free fall scenario in case of failure 102.9 thousand )
โข Decision Zone: 103.7 thousand (Re-test the broken structure)
Potential scenarios:
1. Bullish scenario: Breakout 104.4k โ 106k+
2. Bearish scenario: Rejection at 103.7K โ Free fall towards 100K
This is the liquidity sweep + reaction setup in the textbook.