Bitcoin’s recent price action has traders on high alert — and for good reason. After reaching symmetry at $91,000, today’s bounce aside, the cryptocurrency has shown signs of potential turning points, with the possibility of sharp declines to bargain levels that could attract long-term buyers.
We’ve seen Bitcoin align with symmetry levels before, so this move wasn’t exactly surprising. What comes next, however, is where the real opportunity lies.
With broader market sentiment leaning risk-off, Bitcoin could quickly test critical support zones. If we see a sharp sell-off, the $80,000–$71,000 range becomes an attractive area for patient traders.
Why these levels?
They represent efficiency zones that Bitcoin hasn’t fully tested yet. The $80,000 mark offers a compelling entry point for those looking to build or rebuild positions. If the price drops even further to $71,000, it becomes a full-blown bargain level — one that could reward disciplined buyers willing to wait for the right setup.
Patience is key here. Let Bitcoin do its thing.
This isn’t a market to chase, especially after such a massive rally. Instead, let the technicals guide your decision-making. We’re already seeing hints of broader market volatility spilling over into crypto, which could accelerate these declines.
But for those who can hold off and avoid the FOMO, these lower price ranges might provide just the kind of discount worth taking advantage of.
Another angle to consider is the correlation between Bitcoin and other high-risk assets. With rising risk-off sentiment in the broader market — particularly in sectors like Technology (XLK) — Bitcoin could continue to see pressure until equities stabilize.
That said, a move into the $80,000–$71,000 zone could offer a prime spot for both traders and long-term holders to position themselves for the next leg up.
At the end of the day, the goal isn’t to time the exact bottom.
Instead, it’s about identifying those key levels where the risk-reward profile is undeniably in your favor. For Bitcoin, that means letting the market come to you, not the other way around. As we head into 2025, $80,000–$71,000 looks like a sweet spot for those with the patience to wait.
Stay disciplined, watch those levels, and let Bitcoin do the heavy lifting. After all, sometimes the best trades are the ones you don’t force.
I’ll see you in the markets.
Chris Pulver
Chris Pulver Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. A 1% rally here could send Wall Street into a buying frenzy
Wall Street insiders regularly place “undercover bets” on stock prices.
For some reason, they can trigger a stock rally even if it’s been on a losing streak — more on this here.
So how do they do it?
They place undercover bets in the form of buy orders that add up to tens and even hundreds of billions.
These buy orders then act as “Liquidity Levels.”
And when the stock price drops to these levels, multiple automatic buy orders are triggered at the same time, and the laws of supply and demand come into play…
Which forces a swift rally and within 24 hours, the price surges to the upside.
I’ve figured out how to spot where these “Liquidity Levels” are and turn them into trading opportunities with the potential for up to double returns.
A while back, I went live to reveal how I’ve been able to target these 24-hour Surges, and how regular folks can do the same.
There are no guarantees on profits or losses, but if you’d like to see how you too can get in on these Liquidity Levels…
