Bitcoin surpasses $90k, I think we might run up to the $91.8k resistance target on this move.
Yesterday Bitcoin initially dipped down towards the $85k price target, but buyers stepped in around $86.2k. This is a bullish sign with buys well above the $85k support target, and BTC has rallied back up towards the $90k resistance level. I think BTC will hold above $90k for now, and I have $91.8k as my resistance level to monitor. There can be wicks and short-term price movements above $91.8k for an opportunity to take profits or short. I would be patient with taking profits for Altcoins, it usually takes time for Altcoins to catch up to Bitcoin so Altcoins can rally while BTC trades sideways around $91.8k.
Bitcoin is trading above $91.8k, this is not a break above $91.8k. In my update I mentioned BTC is likely to trade above the resistance target. This is a key area for opening shorts or taking profit. I think ALTS can rally higher as BTC moves sideways around this $91.8k level so I would be cautious trading or shorting ALTS.
Bitcoin is starting to selloff and drop below $91.8k. ALTS can take a hit here if BTC starts to drop.
BTC is forming a bullish bounce off this $89,961 support level. I think ALTS bounce too, looks like we trade in a range for now.
BTC is losing support at $90k, ALTS have stopped dropping even though BTC continues to dip lower. I think BTC profits could be rotating into ALTS here. These are my key price levels for BTC: Support at $85.1k, a resistance zone between $89.3k and $90.2k, and resistance at $91.8k. For now I would wait for BTC to form a rebound, price is still dropping.
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