Feb '25 • 🚀 Cryptocurrencies
BTC Range Broken
Good morning everyone,
It appears that the Range has broken (Image 1).
I personally won't consider it a break until the daily candle closes below the range. If it closes below than we have a very high probability of going down to the sweet spot retracement zone of 83k-ish (image 2).
Keep in mind the next major support is down at 70k. Should it go down to that range I will be looking to begin dollar cost averaging back in.
I am mostly cash right now, and will not try to predict the market. I am personally going to wait until the 70k area, OR we see the bottom confirmed around the sweet spot retracement and being making higher lows.
REMEMBER: Even though we are experiencing downside action, crypto as a whole has a landslide of fundamental good news regarding legislation and on ramps into the market. We just need to be patient for the tides shift as far as price action is concerned.
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BTC Range Broken
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