For a potential downward move, Bitcoin ideally should have around the 44,000 - 45,000 range to maintain price equilibrium.
The absence of a return to the 44,000 zone following a Bitcoin decline from current levels is considered a bullish indicator, suggesting the removal of weaker market participants.
Conversely, if the chart's projected scenario materializes, signaling bearish momentum, there's a potential for a significant market correction.
Anticipation is focused on early February for the implementation and decoupling events.
The absence of a return to the 44,000 zone following a Bitcoin decline from current levels is considered a bullish indicator, suggesting the removal of weaker market participants.
Conversely, if the chart's projected scenario materializes, signaling bearish momentum, there's a potential for a significant market correction.
Anticipation is focused on early February for the implementation and decoupling events.
Note
Actual
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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.