At the end of the day, the resistance that had been established in the last 24 hours was overcome.
As described in my article yesterday, a price range was drawn between $85,000 and $90,000. At the time I am writing this article, aside from the psychological resistance of $100,000, nothing seems to be able to hold back the incredible rise of Bitcoin. Investor mood remains extremely positive with ‘Fear and Greed’ at 88. One point higher than yesterday.
Today, 3 scenarios are emerging: a continuous increase, a correction in prices, or a range ('stable' prices). The increase or a small time lag seems to be the most probable scenarios. a temporary price drop is not to be excluded. As I explained yesterday in my article, a high ‘Fear and Greed’ index encourages the Whales to try to trap new entrants. The volume of bitcoin in holding position remains above 75% and only 5% of the volume is traded. Bitcoin liquidity therefore remains relatively low for the time being on exchanges so that we can consider a serious market reversal scenario.
If we manage to reach $100,000, it will be more than interesting to see whether the crypto giants' wallets remain dormant or on the other hand if they place their assets on sales platforms.
