Bitcoin is moving exactly like we needed, where a smaller bull run resulted in a movement to $105K from where the price got rejected.
We are now heading towards our first sell entry zone, which we intend to be secured, which would give us a good opportunity for further movement to lower zones.
But be aware, we are entering the weekend market, so volatility is guaranteed as we are at important zones currently!
Swallow Team,# Bitcoin Market Update: Aiming for $105K
## Key Points
– **Current Movement**: Bitcoin has experienced a minor bull run, reaching a peak of $105K before facing resistance.
– **Sell Entry Zone**: The analysis indicates we are approaching the first sell entry zone, which presents opportunities for securing profits.
– **Market Volatility**: As we enter the weekend trading sessions, heightened volatility is anticipated, particularly at these crucial price levels.
### Strategy Considerations
– This upward movement is a critical moment for traders to evaluate their positions and consider potential profit-taking strategies.
– Participants should exercise caution amidst the likelihood of significant price fluctuations due to the weekend market dynamics.
In summary, Bitcoin’s recent performance showcases its bullish momentum towards $105K, albeit with forthcoming selling opportunities and the potential for increased volatility this weekend. For informed traders, these price points become pivotal, serving as both potential profit-taking zones and levels of risk management. Staying vigilant and adaptive will be vital as we navigate these turbulent waters.
Disclaimer. The opinions expressed by our writers are their own and do not represent the views of JustInvestNews. The financial and market information provided on JustInvestNews is intended for informational purposes only. JustInvestNews is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Original article: https://www.tradingview.com/chart/BTCUSDT.P/Z8xcAAyu-Bitcoin-BTC-Rejection-From-105K-Approaching-Sell-Entry/
