Vladimir Ribakov identifies a bearish setup in Bitcoin around $95,000-$100,000, where price highs and MACD lows are diverging. He sees two scenarios that both signal a sell: a false breakout or lower highs and lows. He predicts Bitcoin could retest $77,000 if key support breaks.
Chapters
But meanwhile, for me, sell the rallies. And the final one is Bitcoin, which is approaching to some key levels. Look at this zone consolidation here, which is now being retested. And that's a pretty strong supply area. And of course, this zone closer to $95,000 or $100,000. I believe that these 2 levels are the levels to look for the sell. We are forming here some bearish divergences. So looking for reversal signs here definitely, uh, should give the opportunities for the sell. And with high probability, we're gonna retest the $77,000 or maybe even this rising supportive line. So on the lower time frame, like the 4-hour chart, I would be looking for one of the 2 scenarios. The ideal scenario is some false breakout, something like that. False breakout with bearish divergence, higher highs on the chart, lower highs on the MACD, and from there looking for the sell. Alternative scenario is that the Bitcoin starts to make the lower highs, lower lows, make the pullback, but as long as this high holds, uh, with the next breakout and possibly the break of this rising trend line, uh, could give like a double, uh, trend line breakout here, uh, could give a great opportunity for the sell. So I definitely believe that the next several weeks, these key levels we see on the Bitcoin, as long as they hold from my point of view, look to sell from there.
