Hello, dear friends! I think many of us were cheered up by a little Bitcoin pump. In fact, nothing unusual, it's seen within the framework of a descending trend. It's very important to monitor the price behavior, which may approach 63,000.
I see several possible scenarios: ๐Scenario 1: The price will rise to 63,000+ and test the descending trendline, then go back down to the lower part of the wedge. ๐Scenario 2: The price will rise to 63,000+ and test the descending trendline, then start a consolidation process (this will be an excellent signal for growth). ๐Scenario 3: The price will rise to 63,000+ and test the descending trendline, then sharply drop to around 62,000.
Which of these scenarios will unfold, there may be other unexpected ones for me, but the MACD indicator has crossed the lines indicating a price decline.๐คซ
Exciting times ahead!๐๐ฝ
What are Your thoughts? I'm very interested to read Your thoughts, write in the comments!๐
Thanks for Your attention Sincerely Yours, Kateryna๐๐