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C-Zar Gets Crypto 09 Sept 2025, 17:35 UTC
AI-generated source summary
The video discusses Bitcoin's price action on September 9th, noting its current price around $112,600. Despite a recent uptrend from the start of the month, the analyst believes the price will initially fall before rising in the second half of September, aligning with a potential double bottom formation before the FOMC meeting. The technical analysis includes Fibonacci retracement levels from the all-time high to the recent low, identifying resistance at the 0.382 level. He notes a move above it to target a golden ratio level, implying a target price of $123,158 at the 0.786 fibonacci level. The video also examines liquidation levels, pointing out a concentration of long positions around $105,000, suggesting a potential downside target before any sustained upward movement. Failure to hold above $105,000 would invalidate the analysis. The analysis incorporates multiple time frames, including a look at the 1-hour chart, where bearish divergences and overbought conditions hint at near-term downside risk. An ascending triangle pattern is suggested, with the 0.236 fibonacci level as an important point to break if the price will not go down to the mentioned levels.
AI-generated summary based on the source content.
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C-Zar Gets Crypto
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