2 scenarios ahead for Bitcoin.
1- Correction up to 30 thousand, due to 👇
Formation of the return pattern of the head and shoulders.
Completion of Death Cross (Cross Moving 50_200)
Strong downward candles at higher times (weekly)
Confusion of traders and markets in this support area (reduction of credit in this area)
2 - Support and return up to 51 thousand.
The short-term downtrend has been broken, but the price has not yet shown a tendency to grow.
1- Correction up to 30 thousand, due to 👇
Formation of the return pattern of the head and shoulders.
Completion of Death Cross (Cross Moving 50_200)
Strong downward candles at higher times (weekly)
Confusion of traders and markets in this support area (reduction of credit in this area)
2 - Support and return up to 51 thousand.
The short-term downtrend has been broken, but the price has not yet shown a tendency to grow.