CryptoPM

$BTC shows signs of creating a local bottom?

Here is an analysis of $BTC where I identify two possible scenarios:

Why does the price seem to have created a local bottom?

The price formed a mini-range, which was swept (liquidations were executed).

Then, the price broke this range from the top, which formed a bullish confirmation.

The two possible scenarios:

Scenario 1:

The price continues to push bullish without going back below this local bottom, with a target of $100k.

Scenario 2:

The price sweeps below $92k, before starting to rise again.

#BTC Price Analysis# #BTC