In a bear market, reaching price targets (such as $90K-$95K for Bitcoin) does not necessarily indicate a confirmed market top; higher prices can still occur in the short term within a larger bearish pattern, making caution essential for traders.
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Deep Dive
Bitcoin's Next Move: 87.5K Target & Resistance ZonesAdded:
The Bitcoin price is still pushing higher and could over the coming weeks reach 90k roughly or even 95k. We'll talk about that in this video. I am cautious in this area because the price has reached our targets, but we haven't got a confirmed top and I will show you why higher prices in the short term are still likely, but don't forget we are still in larger bear market. We want to talk about that within a bearish pattern overall, but in an uptrend in a bearish pattern and we'll also take a look at Ethereum in this video because many of you have asked for it. I think it's time for an update. I want to prepare you for the coming week. Things are looking interesting. I think we'll get some very very interesting you know next few weeks and um let's start with the Bitcoin chart. I mean, look Bit- Bitcoin moved up from the February low. I think it was like 35% or something. Yes, 36, 37% to the recent highs. I mean, you can't really ask for more than that in a bear market.
That
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