As you can see in the chart, there is a chance for a Bitcoin bounce before the continuation of its correction. This aligns perfectly with my other analysis regarding the correction preceding the Bitcoin halving in April or May.
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Note
After a two-week period marked by bouncing movements, we find ourselves approaching a critical juncture. Should Bitcoin fail to maintain the level around 43,550, the likelihood of further downward momentum increases significantly, potentially validating the setup for a continued downside trajectory.
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Related publications
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.