Justin Wise
@crackingcrypto
Bitcoin Bitcoin is experiencing a lot of profit-taking today, as traders capitalize on the ‘Bull Trap’ zone above $100,000. Trends https://www.tradingview.com/x/C9m5vOd9/ 5M: Bearish 30M: Neutral 1H: Bullish 4H: Bullish D: Bullish W: Bullish Significant selling pressure has caused Bitcoin to lose its lower timeframe bullish trends. Although the selling today was quite dramatic, there’s not too much concern for alarm technically. Daily and Weekly bullish trends remain intact, with trend support from $92,000 - $94,000. The 4H chart suggests ranging price action, oscillating around the 4H 200 SMA. A higher low above $94,000 would confirm a local bottom and a second push above $100,000 - likely beginning to form a bottom within the next few days.
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FerdyHockeySmugGood
@ferdyhockeysmugg
Bitcoin is experiencing profit-taking, but overall trends remain bullish. Support around $92,000 - $94,000. Potential for a second push above $100,000 in next few days
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