BTC likely to close below $100,000k this week.

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BTC likely to close below $100,000k this week.Bitcoin / US DollarBINANCE:BTCUSDCountermeasure1We are nearing the buy zone on the weekly BTC chart. I expect strong support in the low to mid 90K range. I will be stacking buys once we see a close below the Nadaraya–Watson envelope shown by the dotted lines. It appears as if BTC may be getting exhausted on a longer timeframe as you see the envelope begin to level which often indicates a downturn on shorter time frames. I expect BTC to return to at least $115,000 within the next 3 months or so. We will evaluate price action to see how to position at that time.