BTC will correct. hopefully ...
The bitcoin skin in the moment all strains away as if they would not exist.
now he soon encounters a decisive resistance at around 10500.
there are no reversal signals so he will soon return to the old ATH.
However, I see a greater likelihood that the BTC will react and correct in this zone.
The cloud provides the last resistance which has built up long. There is also a Wiederstanszone based on the candle pattern.
If the price continues to widen, the bull market is a bubble and no healthy growth.
The BTC needs a correction in order to continue growing healthily.
now he soon encounters a decisive resistance at around 10500.
there are no reversal signals so he will soon return to the old ATH.
However, I see a greater likelihood that the BTC will react and correct in this zone.
The cloud provides the last resistance which has built up long. There is also a Wiederstanszone based on the candle pattern.
If the price continues to widen, the bull market is a bubble and no healthy growth.
The BTC needs a correction in order to continue growing healthily.
Note
boom
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.