$BTC Update | Bottom over?

Let's see👇🏻

1) In 4 hour timeframe, Bitcoin climbed up in a very good manner marking the bottom on 21 November with good buy side volume. After few days, $BTC has managed to climb up towards the level I marked in previous videos/charts. $92k to $93.4k (Yearly Open)

2) I was waiting for the past 2 days, for some kind of reaction around this current price. The RSI is also now around overbought area in 4 hour timeframe. With key market participants turning bullish around a major pivot area. This clearly means this 91k-93.5k is a Make it/Break it level.

3) In Fibonacci we are 0.236 if we take fib from top of $126k to Bottom of $79k. This area should hold for price to go towards
0.382 = $98k level✅
0.5 = $103.4k level ✅
0.618 =$108.7k level ✅

Any of these areas are my key market reversal points.
Conclusion : I think there were spot buyers early but now the rally seemed only fueled by short covering/squeeze.
We reached a key level, where everyone turning bullish again, this area should bring spot volume otherwise the downtrend continues further.

#Bitcoin