BITCOIN: Five rejections at $87,000. $83,000 is breaking. Here's what's next. 👀

On Bitcoin

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• Next days (next 1–7 days): Expects down (timeframe is our reading): this 80K level that is sitting down here is the next target once we break this zone. ▶ 01:06

If this, then that

• If Price reclaims $83,000, then no target given (next days): If price reclaims this level here at $83,000, then we can start to try and reattempt the trend line and break above there. ▶ 00:43
• If Price breaks below the zone, then 80k (next days): this 80K level that is sitting down here is the next target once we break this zone. ▶ 01:06

Levels named

• 87k: Resistance (Five failed breakout attempts.): All eyes on Bitcoin right now because we failed to break out above $87,000 five times. ▶ 00:00
• 83k: Support, expected to break (Current breakdown level.): And Bitcoin's actually now breaking below the $83,000 mark as we predicted would happen on Monday. ▶ 00:04
• 82.8k: Resistance (Broken support is starting to act as resistance.): We actually broke below the $82,800 mark that I was saying to watch on Monday. Now that price has actually cracked below, you can see it's starting to act as a level of resistance. ▶ 00:31
• 80k: Target (Next downside target after the zone breaks.): this 80K level that is sitting down here is the next target once we break this zone. ▶ 01:06
• 76k: Support (Next major level containing substantial liquidity.): The major liquidity sits down here at $76,000. This is the next major level on the daily time frame. And that is what I'm watching. ▶ 01:14

Their own position: Not said.