Since mid-March, a sideways movement continues between $25860 and $31000 as an All-Time High (ATH). In the present phase, a symmetrical triangle has been formed, where a price breakout is expected soon.
The Support area occurs from the extension of the golden ratio of the last Fibonacci retracement. The Resistance area occurs, if we reverse the golden ratio of extension of the Fibonacci retracement starting from 15/03/2023.
Another conclusion, is that the price is expected to fluctuate within the Descending triangle that has been formed since 06/05/2023, until the price breakout occurs. Finally, a hypothetical scenario is that the price may follow the slightly resized footprint (Bar Pattern), of a previous price movement (fractal).