well, we have two scenarios here according to weekly RSI touching its trendline:
1. another climb up to touch the ATH at 42000 (at least) or even going up for yearly R3 fibo pivot and the important box of resistance I mentioned in my today`s 4H analysis on BTC (46k-48k) (4H analysis mentioned below)
2. fall further to have a touch on yearly pivot at 20600 in company with that blue line in the chart which btc has had many reactions to it in almost 9 years or so! in my previous weekly analysis on BTC that line was seen to have an important role in BTC`s history. I bring that analysis below too.
well, if you want my opinion, I agree better with the first scenario, because I think there might be another pump in the market to make people euphoric about crypto and btc, then we will have our big correction/
comment your thoughts!
1. another climb up to touch the ATH at 42000 (at least) or even going up for yearly R3 fibo pivot and the important box of resistance I mentioned in my today`s 4H analysis on BTC (46k-48k) (4H analysis mentioned below)
2. fall further to have a touch on yearly pivot at 20600 in company with that blue line in the chart which btc has had many reactions to it in almost 9 years or so! in my previous weekly analysis on BTC that line was seen to have an important role in BTC`s history. I bring that analysis below too.
well, if you want my opinion, I agree better with the first scenario, because I think there might be another pump in the market to make people euphoric about crypto and btc, then we will have our big correction/
comment your thoughts!
