Hello dear traders. As long as Bitcoin is above Bollinger midline, it will continue its upward path until returning to 75K. The bullish scenario will be canceled when Price returns below the Bollinger midline and stabilizes there.
Comment
⋅
According to the predicted scenario, the price reached the middle line of the Bollinger Band.📉 In order to better understand the scenarios, in the image above, I have drawn a little more detail on how the price behaves. After a short-term sideways trend, the price returned below the middle line of the Bollinger Band and after failing to stabilize above it, continued the downward path to the middle line of the pitchfork.📉
Comment
⋅
If the price stabilizes above the middle line of the fork, the continuation of the bearish scenario will not be realized.