InvestMate|Bitcoin doesn't want to fall. Will it grow? ₿

₿ Bitcoin doesn't want to fall. Will it grow?

₿ This time I come with a change of perspective on Bitcoin.

₿ Looking at its behaviour over the last few days, I am moving more and more towards a pro-growth scenario.

₿ All due to the lack of interest in selling and the expropriation of the movement.

₿ All I am just waiting for is some confirmation of the uptrend.

₿ If we manage to overcome the 16700 level, it is safe to say that the prospect opens up for us to conquer the resistance zone.

₿ I determined the resistance zone based on a cluster of two very strong fibo measures. The first level is 0.886 of the entire downward wave from 2017 to the 2018 bottom. The second is the 0.786 level of the wave from the 2020 low to the 2021 peak.

₿ I determined the support zone based on the 0.786 level of the wave from the 2017 peak to the 2018 bottom.

₿ Of course, I do not rule out a downward scenario.

₿ The upside scenario that I am considering is a continuation of the increases to the area of the resistance zone only after the 16700 level has been overcome. Without this confirmation, I am not moving Bitcoin. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

₿ *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.

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