We see the last execution of the Bear Triangle pattern, from the beginning of the bear market on November 21, 2021.
Starting from May 5, the formation of the second identical pattern began, now we have come to its execution, this explains the instability of prices. Everything points to a fall. The price is not stable, as is the mood in the economy.
The exit from the bear market will be associated with the introduction of a new technology of interaction on the Internet, and is also directly related to the simplification of the interaction of cryptocurrencies - Web3.
On the previous publication on Sunday on TV, the price in the Fibonacci range is 0.618 on the screenshot. For today, the price remained in this support range of 0.618 Fibonacci, there was no breakthrough.
We see by the momentum indicator of active addresses that the trend is increasing. The On-chain transaction volume indicator has noticed a high activity of whales at the mercy - this indicates strong support.
Local Fibonacci Levels:
0.5 = 20270
0.382 = 21221
From these levels, we can see sharp drops or increasing support for payoffs.
I expect the price to continue the upward movement of Bitcoin! The Bitcoin Economic Forum is approaching on October 4-5, the event will be held in Dubai.
Not financial advice, my opinion.
Starting from May 5, the formation of the second identical pattern began, now we have come to its execution, this explains the instability of prices. Everything points to a fall. The price is not stable, as is the mood in the economy.
The exit from the bear market will be associated with the introduction of a new technology of interaction on the Internet, and is also directly related to the simplification of the interaction of cryptocurrencies - Web3.
On the previous publication on Sunday on TV, the price in the Fibonacci range is 0.618 on the screenshot. For today, the price remained in this support range of 0.618 Fibonacci, there was no breakthrough.
We see by the momentum indicator of active addresses that the trend is increasing. The On-chain transaction volume indicator has noticed a high activity of whales at the mercy - this indicates strong support.
Local Fibonacci Levels:
0.5 = 20270
0.382 = 21221
From these levels, we can see sharp drops or increasing support for payoffs.
I expect the price to continue the upward movement of Bitcoin! The Bitcoin Economic Forum is approaching on October 4-5, the event will be held in Dubai.
Not financial advice, my opinion.
