Bitcoin BTC price moves according to the fractal from the past

The chart shows the same fractal stretched over at a different time frame.

The BTCUSDT price is now in a critical price range.

• If sellers do not allow the BTC price to update the high in the coming days, there is a chance that a correction will begin according to the red fractal.
  
• If buyers manage to fix the BTCUSD price above $44500, then there will be a chance for continued growth according to the blue fractal to the 52K area, which is another +20% to Bitcoin price.
  

Which fractal do you think is more likely to work out? Vote with "like" at comment under idea.

Komentarz:

It seems that sellers are trying to move the BTC price with the red fractal

Zlecenie aktywne

Komentarz:

Yesterday, the "fresh" CPI was announced, and the figure predictably dropped from 3.2% to 3.1%. And it would seem that this is good, this is what the Fed is trying to achieve, but it seems that crypto market players are still aiming downward with the first target of $38300-38500, and possibly as low as $37300

Also, today the announcement of a new FED rate, the last in 2023, and the speech of Mr. Powell's speech on the outlook for the economy and financial markets in 2024

PS:
We have slightly adjusted the red fractal to the current market situation, it looks pretty nice, doesn't it?