Based on the monthly timeframe chart, we see endless growth, but as you know, one cycle must replace the next, a huge number of green monthly candles indicates that the correction is very close
Just as my experience shows, a long stay above or below the zero mark on the MACD indicator indicates an imminent reversal
At the moment we see support in the 60-65k zone
Options for the development of events in my opinion
1. We will enter a sideways movement of 60-72 for accumulation before continuing growth. And in this case it is important to keep the 60,000 mark in order not to fall into the previous range
2. We will go to 60k and will not be able to maintain this level, and in this case the price may fall to the bottom of the range around 30,000
3. From the current ones we will be able to continue moving up to 90,000 in order to make a correction from this level
While I’m still inclined to option 1, since we had convincing growth and renewal of the historical maximum, there is a high probability that the movement will continue in a sideways movement and reach new peaks
Post your options for the next Bitcoin movement in the comments
Just as my experience shows, a long stay above or below the zero mark on the MACD indicator indicates an imminent reversal
At the moment we see support in the 60-65k zone
Options for the development of events in my opinion
1. We will enter a sideways movement of 60-72 for accumulation before continuing growth. And in this case it is important to keep the 60,000 mark in order not to fall into the previous range
2. We will go to 60k and will not be able to maintain this level, and in this case the price may fall to the bottom of the range around 30,000
3. From the current ones we will be able to continue moving up to 90,000 in order to make a correction from this level
While I’m still inclined to option 1, since we had convincing growth and renewal of the historical maximum, there is a high probability that the movement will continue in a sideways movement and reach new peaks
Post your options for the next Bitcoin movement in the comments
