I expect the Bitcoin price to consolidate in the 53,600 - 49,000 zone, after the price is fixed in the zone, I expect to see a price increase and a high probability of breaking the maximum.
If you look at the Online LTH Realized Profit 7D metric, you can see a similar seasonality of the market that was in 2021, in addition to the online metric, I conducted a deeper study and found many arguments that confirm my expectations, there is a low probability that the price will drop below 48,900, I do not expect this level to break through.
Beyond Technical AnalysisBitcoin (Cryptocurrency)bitcoinanalysisbitcoinideabitcoininvestmentbitcoinlongbitcointrendFibonacciSeasonality

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