Bitcoin Price Action Update: 9 Days to Trump Inauguration
The #Bitcoin market is setting up for major moves as we approach the Trump inauguration in just 9 days. These probabilities are based on my analysis and opinion — no one has a crystal ball. I'll update this as we proceed.
Key Technical Facts:
Head and Shoulders Pattern: A classic formation on the Daily chart. Historical data shows a tendency for the price to revisit areas under the 200 EMA before moving higher.
Liquidity Zone: The $88,888 support level holds substantial long liquidity and is likely to be swept. However, this cycle is different.
Trend Continuation: The Trump inauguration could trigger a continuation of the trendline higher, potentially pushing the 200 EMA upward.
What to Expect:
Fast Pullback: A rapid and short-lived retrace could bring the price to $95,000 before a quick run to ATH within hours.
Exchange Volatility: During such critical moments, exchanges often experience downtime, with long/limit orders potentially unfulfilled due to "volatility." Stay prepared.
Be Ready: Keep dry powder (capital) available, and ensure liquidation levels are pushed down. This is not the time to be shaken out.
These are technical insights; the market can surprise us all. Stay vigilant and prepare for what's ahead.
It's go time! I'll keep this updated as developments unfold.
#BTC #Bitcoin #CryptoTrading #PriceAction #TrumpInauguration
