₿ Bitcoin Not Expected to Suddenly Continue Rising ₿

₿ Bitcoin Not Expected to Suddenly Continue Rising

₿ Nearest strong support zone: around the 0.382 fibo level of the upward wave.

₿ Nearest strong resistance zone: around local peaks.

₿ Technical environment:

📊 Moving averages: 50/50

📊 MACD: Uptrend

📊 RSI: Uptrend

₿ Price action: bitcoin has broken out after the accumulation it scored around 21500, I expect the end of the upward correction around $22400 after which we will start the continuation of the accumulation because I do not currently see any possibility for the continuation of increases from current price levels without prior preparation.

📉 The scenario I am playing out is the continuation of the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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