Bitcoin analysis keeps 'bearadise' as a potential BTC price target.
An absence of direction provided a solid sense of deja vu for market participants, with— involving crypto asset manager Grayscale and United States regulators — erased from the charts, traders weighed the impact of various potential weekly close levels.
“This is important because if 1W close is below and price trades this area as resistance early into next week, That would imply a move lower towards previous 1W resistance ~ $24.3K,” he added.Looking further ahead, a “bearish scenario” could put sub-$20,000 levels back in play. A bullish revival, involving a reclaim of $26,000 and continuation for a Q4 higher low, was “less likely,” Skew predicted.
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