Bullish signals:
- Bitcoin follows blue local uptrend
- Bitcoin passed through correction range (small red rectangle) from grey downtrend leading the price from November '21
- Bitcoin passed through big correction range (big red rectangle) from bessa-hossa correction
There are currently no bearish signals.
I expect the price to retest the price at the level $47k and come back to $40k and retest this level.
If $40k is retested for further uptrend ... we may try to chase new ATH.
- Bitcoin follows blue local uptrend
- Bitcoin passed through correction range (small red rectangle) from grey downtrend leading the price from November '21
- Bitcoin passed through big correction range (big red rectangle) from bessa-hossa correction
There are currently no bearish signals.
I expect the price to retest the price at the level $47k and come back to $40k and retest this level.
If $40k is retested for further uptrend ... we may try to chase new ATH.
