We continue to analyze Bitcoin using the Gaussian channel (see previous posts) 👀
📝Bitcoin is consolidating in the region of 40k, following the correction from the resistance line that I mentioned earlier. I further believe that a retest of the 37k zone is possible since there is still enough time for halving.
On the wave trend oscillators, a red signal 🔴 is also visible, after which the correction often begins, the only exception here is bullran at the end of the cycle.
💡The situation is similar to the mid-cycle peak at the end of 2019, but now it happened much closer to the halving, so I would not expect such a prolonged downtrend, but only a 1-2 month correction.
📝Bitcoin is consolidating in the region of 40k, following the correction from the resistance line that I mentioned earlier. I further believe that a retest of the 37k zone is possible since there is still enough time for halving.
On the wave trend oscillators, a red signal 🔴 is also visible, after which the correction often begins, the only exception here is bullran at the end of the cycle.
💡The situation is similar to the mid-cycle peak at the end of 2019, but now it happened much closer to the halving, so I would not expect such a prolonged downtrend, but only a 1-2 month correction.