Keyed In

Welcome to the 3rd great #Bitcoin supply shock

#Bitcoin price levels. 88-91k then 102k . , , Explainer. When BTC breaks into all-time-highs, there's no prior history of resistances for the market to trade around. This means price goes into unfettered price discovery, expect wild swings. In these situations we have 2 guides to find new resistances. Fibonacci bands, using magic numbers seen in nature, and real liquidation levels of market positions. 88-91k was the first target. We hit it. Consolidation should happen here. This is both from local fib levels and liquidation levels where most of the shorts have been taken out, it's the end of compulsory buying from short sellers getting culled. 102k is the next macro fib, using last cycle high and this cycle low. Let's see where new liquidations cluster around, but for now, that's our next target based on fibs.