“Not a bad place where the market can decide where Bitcoin is moving next ... to 70k or 40k”
We got the expected rollback, which fit both the scenario marked in green and the scenario marked in red.
Now it will be interesting to see if the bears will be able to push the price below the current level (black line on the chart) If the bears manage to do this and the price consolidates below this level in the 51k area. Then we will receive additional confirmation that we have priority in the scenario marked in red.
So far, despite the fact that locally we are in a downward phase, green can be considered a priority scenario, which means that we are close to the line that the bulls must defend.
So, if you are in a bullish mood, it’s time to be active so as not to let the price fall below 51k.
If you are in a bearish mood, then it is worth waiting for the consolidation below the level indicated in black on the chart.
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BTC Update
“Not a bad place where the market can decide where Bitcoin is moving next ... to 70k or 40k”
We got the expected rollback, which fit both the scenario marked in green and the scenario marked in red.
Now it will be interesting to see if the bears will be able to push the price below the current level (black line on the chart)
If the bears manage to do this and the price consolidates below this level in the 51k area. Then we will receive additional confirmation that we have priority in the scenario marked in red.
So far, despite the fact that locally we are in a downward phase, green can be considered a priority scenario, which means that we are close to the line that the bulls must defend.
So, if you are in a bullish mood, it’s time to be active so as not to let the price fall below 51k.
If you are in a bearish mood, then it is worth waiting for the consolidation below the level indicated in black on the chart.