🔔Bitcoin is at a crucial pivot point, with potential for a major move in either direction.
💰The daily HPDR bands and Fibonacci retracement suggest the possibility of a rejection around $45-46k.
📈The 5-day and CME time frames indicate a continuation to mid-50s if Bitcoin closes above $46.5k.
📉The daily runup statistics show a high likelihood of a major move in the near future.
🚀The Gaussian channel breakout suggests a potential bullish move above the top side.
What are the possible outcomes for Bitcoin's price?
—Bitcoin can either rally to $45-46k or face a major rejection at this level. The next few days will be crucial in determining its direction.
What indicators suggest a possible rejection at $45-46k?
—The daily HPDR bands and Fibonacci retracement indicate a potential resistance at this level.
What indicates a continuation to mid-50s?
—The 5-day and CME time frames suggest that if Bitcoin closes above $46.5k, it could continue to the mid-50s.
Are there any statistical patterns supporting a major move?
—Yes, the daily runup statistics show a high likelihood of a significant move in the near future.
What does the Gaussian channel breakout indicate?
—The breakout above the top side of the Gaussian channel suggests a potential bullish move for Bitcoin.
00:00Bitcoin is at a crucial pivot point, with potential for a rally to $45-46k or a major rejection.
02:59The daily HPDR bands and Fibonacci retracement suggest the possibility of a rejection around $45-46k.
04:57The 5-day and CME time frames indicate a continuation to mid-50s if Bitcoin closes above $46.5k.
07:53The daily runup statistics show a high likelihood of a major move in the near future.
09:19The Gaussian channel breakout suggests a potential bullish move above the top side.
