Short Term Bitcoin Prices => Time for a Healthy Break or Not ...
We are following the fastest flow-line (called Max flow-lines on the chart). If we cross the B1-$45855 point before the evening of March 4, we will maintain the maximum upward momentum that could bring prices to around $58,000 before March 15. There are still steps to take to validate this scenario!
For the moment let's see how prices will oscillate or deviate from this Max Flow-lines (the Price-Time slopes of these lines are calculated by Physicaleconomics concepts independent of the market geometry).
For the moment we are oscillating around the Long-term Moderate Flow-lines .
In the short term, we are at the top of the range (red dotted line), prices will have to work this level and after the rapid rise of the last few days, it is time for the markets to breathe in order to resume a sustainable rise in parallel with the hunt of the shorters.
In the short term this week, it is likely that we will see a correction between $39,400-$41,100 ( See red-box on the chart) at the end of the week before resume a bullish momentum to regain the Long-Term Moderate Flow-lines (in blue on the chart).
Xavier
