Was 64,000$ the peak price and the end of this cycle ?! I need to know the answer from more professional analysts because the logarithmic chart shows this.
If the upward yellow trend is broken, the next target is the red trend (39,000). And if the red trend breaks up, the next target of the yellow trend (45,000-47,000)
Something I see on the bitcoin chart for a short term right now. Positive divergence and uptrend. The news of the re-purchase of Bitcoin by Micro Strategy can also strengthen this analysis
The failure from the bottom of the triangle was in fact a false failure, and finally the main failure from the top of the triangle was done until the daily candle was closed. Of course, this is not a sign of a complete rise in bitcoin, but for now I think it will slightly increase the price of altcoins.
The triangle pattern usually indicates continuity but sometimes does the opposite. I think it is probably (only probable) that given that there is a slight divergence in the 4h chart and the daily chart is at the bottom of its channel rsi and the price is stuck at the 100 support, the price will go above the triangle. Tonight the weekly candle will guide better
The chainlink is in the cup and handle and if the correct completion of the template can climb up the fibonacci.
If you disagree with my analysis please tell your reason. Thank you
As I said before, dot/btc had a positive divergence and climbed, although he also witnessed a fraudulent defeat. And now, if it stabilizes above the previous ceiling, it can continue to the next Fibonacci goals.
If bitcoin stays in the fork, it can rise to the top line and then possibly to the middle of the fork. But if it gets out of control, it will be the first resistance level on the trigger line, which will be equal to the Fibonacci level of 61.8.
