(07.02) - BTC - chasing new ATH ?
Bullish signals:
- Bitcoin follows blue local uptrend
- Bitcoin passed through correction range (small red rectangle) from grey downtrend leading the price from November '21
- Bitcoin passed through big correction range (big red rectangle) from bessa-hossa correction
There are currently no bearish signals.
I expect the price to retest the price at the level 47k and come back to 40k and retest this level.
If 40k is retested for further uptrend ... we may try to chase new ATH.
- Bitcoin follows blue local uptrend
- Bitcoin passed through correction range (small red rectangle) from grey downtrend leading the price from November '21
- Bitcoin passed through big correction range (big red rectangle) from bessa-hossa correction
There are currently no bearish signals.
I expect the price to retest the price at the level 47k and come back to 40k and retest this level.
If 40k is retested for further uptrend ... we may try to chase new ATH.
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