As shown by the technical analysis, the price approached the starting trend line from the price of $75 and also the second trend line from $3,200 to see which trend Bitcoin will collide with.
1. LOWER HIGHS-LOWER LOWS: price action says the actions or pattern formed by the price itself. and the people who trade in the stocks makes up the demand and supply. therefore, this affects the inflation, and there could be a major correction, if recession is announced.
2. 3200 level is getting support by FIBONNACI RETRACEMENT(0.618 AREA)
3. RSI ANALYSIS: first...