Bitcoin, as many assumed, is making its own correction. After repeatedly testing the $25,000 level, the trend reversed. But I still think that its growth will continue. We observe that it continues to grow in the global trend. And the chart has formed an upward channel in which Bitcoin is moving in a zigzag. We can also see a strong price zone in the $21500-22300 range. The 21500 mark now acts as an equator for Bitcoin, where it previously acted as a resistance level, and now as a support level. And I think that we will not go below this price. Although Bitcoin is easily overbought! At the price of $22,200 there is an intersection of two trend support levels, as well as a support price zone! Global bullish trend and local bearish trend. This mark can become a turning point! Also on the chart, I marked the beginning of the last two local cycles, ascending and descending, with crosshairs. And I also set the tool in the form of vertical lines showing cyclicity. These cycles also cross the zero line of the MACD indicator. Relative to this strategy, a reversal could occur at $22,600.
