Bitcoin needs to consolidate. We've gone up too fast
Sideways chop above 88k (.1.272 expanded FIB level) would send a super strong signal suggesting 100k before the end of the week. A pullback to 85k however would be healthier and make more room for the next leg up.
🍿 time
TheGrinder
npub1de…0q0sd
2024-11-12 05:37:30 GMT
Author Public Key
npub1de6l09erjl9r990q7n9ql0rwh8x8n059ht7a267n0q3qe28wua8q20q0sdPublished at
2024-11-12 05:37:30 GMTEvent JSON
{
"id": "0042de9c2c728e1a4b228efd2bd199f26b9530e2db30d5de9aa52b924f900432",
"pubkey": "6e75f7972397ca3295e0f4ca0fbc6eb9cc79be85bafdd56bd378220ca8eee74e",
"created_at": 1731389850,
"kind": 1,
"tags": [
[
"client",
"noStrudel",
"31990:266815e0c9210dfa324c6cba3573b14bee49da4209a9456f9484e5106cd408a5:1686066542546"
],
[
"nonce",
"75",
"7"
]
],
"content": "Bitcoin needs to consolidate. We've gone up too fast\nSideways chop above 88k (.1.272 expanded FIB level) would send a super strong signal suggesting 100k before the end of the week. A pullback to 85k however would be healthier and make more room for the next leg up. \n\n🍿 time\n",
"sig": "e23d852d59b14d2511dffcdb0a6ccf87863373cc9add80586d2340d03c3b15d13ad3c7bef87b31ee1aa6dc6200f93f2d5a8d3f26478c0711f0d5e52242f47c5d"
}