BTC was rejected from the trendline I formerly had conceived as its main challenge. The trendline coincides with the weekly moving average, which doubles its effect. BTC is now likely to test the static support as well as gap around 10k to 14k. I assume we might see those prices in BTC, but there is a possibility that bulls take charge of the market as early as 16k (RSI here is my assistance!)
This price correction will most likely be the final one before a wild upsurge in 2023-2024, which will probably coincide with the halving event.
Please give me your thoughts and comments on this.
(based on My OWN personal analysis - no financial advice - always DYOR)
This price correction will most likely be the final one before a wild upsurge in 2023-2024, which will probably coincide with the halving event.
Please give me your thoughts and comments on this.
(based on My OWN personal analysis - no financial advice - always DYOR)
