BTC analysis on D1 frame.
The price broke out bullishly when it hit the $39,000 support zone. Looking for peak B of wave ABC, will the next target be $44,000? At the 44,000 price range, price action will determine whether the trend continues to increase or decrease to deeper support areas.
Comment: Price will go down to deeper areas after buying pressure declines. There is a phenomenon of profit taking so that BTC adjusts to test the support areas below.
The decline period will be in February and March 2024
Komentarz:
On the D1 and 3D frames, buyers are showing weakness at the $44,000 area. Need further confirmation