Bitcoin facing correction to $85,000 as $100,000 target derails
With Bitcoin (BTC) seemingly struggling to breach the $100,000 resistance, technical indicators point to a possible incoming correction. Indeed, there was general market euphoria after Bitcoin hit a new record high above $99,000. The markets were waiting for the asset to clinch the six-figure valuation, supported by strong fundamentals such as sustained buying pressure and post-election optimism. Now, Bitcoin is presenting a sell signal based on the TD Sequential indicator on the 12-hour chart, suggesting the asset faces the risk of plunging below the $90,000 mark, according to Analysis shared by Ali Martinez on November 23. Picks for you Gold supply dilution ahead as China uncovers an $87 billion reserve – What’s next? 2 hours ago C...