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#BTC Quick Update on the Go
In my previous update, I told you that I expected BTC to bounce from 87.3k-88k and target 98k next. Now let me open it up.
On Friday we had the bounce at 88xxx but it wasn't actually in the zone. Today the price went into the golden pocket of the last move and bounced. Since the EQ was not lost during the process, Bitcoin is looking bullish.
Now it got a mild rejection from the AVWAP at 91.2k. Once it breaks above the AVWAP the next target will be the zone between 96k and 98k.
Can 87xxx be swept one more time before this happens? Possible. The weekend low may get swept once again, so it is a good idea to take partial profit here.